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Are Tax Havens Good? Implications of the Crackdown on Secrecy

Weichenrieder, Alfons and Xu, Fangying (2015) Are Tax Havens Good? Implications of the Crackdown on Secrecy. WU International Taxation Research Paper Series, 2015-22. WU Vienna University of Economics and Business, Universität Wien, Vienna.

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Abstract

The pressure on tax haven countries to engage in tax information exchange shows first effects on capital markets. Empirical research suggests that investors do react to information exchange and partially withdraw from previous secrecy jurisdictions that open up to information exchange. While some of the economic literature emphasizes possible positive effects of tax havens, the present paper argues that proponents of positive effects may have started from questionable premises, in particular when it comes to the effects that tax havens have for emerging markets like China and India. (authors' abstract)

Item Type: Paper
Additional Information: Editors: Eva Eberhartinger, Michael Lang, Rupert Sausgruber and Martin Zagler (Vienna University of Economics and Business), and Erich Kirchler (University of Vienna)
Keywords: Tax haven / secrecy / tax information exchange / China / India / Anlegerverhalten / Emerging Model / Steueroase / Bankgeheimnis / Informationsaustausch
Classification Codes: RVK QL 530, QK 800, QK 300; JEL H2, H7
Divisions: Departments > Finance, Accounting and Statistics > Accounting and Auditing > Betriebswirtschaftliche Steuerlehre
Departments > Öffentliches Recht und Steuerrecht > Österr. und Internat. Steuerrecht
Forschungsinstitute > Internationale Besteuerung
Depositing User: Elena Simukovic
Date Deposited: 21 Sep 2015 10:34
Last Modified: 30 Oct 2015 14:59
URI: http://epub.wu.ac.at/id/eprint/4647

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