{"id":357,"date":"2015-02-18T20:28:18","date_gmt":"2015-02-19T01:28:18","guid":{"rendered":"http:\/\/blogs.law.harvard.edu\/chovanec\/?p=357"},"modified":"2015-02-19T16:09:48","modified_gmt":"2015-02-19T21:09:48","slug":"tax-havens-and-bank-secrecy","status":"publish","type":"post","link":"https:\/\/archive.blogs.harvard.edu\/chovanec\/tax-havens-and-bank-secrecy\/","title":{"rendered":"Tax Havens and Bank Secrecy?"},"content":{"rendered":"<p>In the last few year, developed countries used their pressure and started signing tax treaties with tax havens. What was the impact? Johannesen and Zucman wrote an interesting empirical article on this topic:<\/p>\n<p><a href=\"http:\/\/gabriel-zucman.eu\/files\/JohannesenZucman2014\">The End of Bank Secrecy? An Evaluation of the G20 Tax Haven Crackdown<\/a><\/p>\n<p>By Niels Johannesen and Gabriel Zucman<\/p>\n<p>During the financial crisis, G-20 countries compelled tax havens to<br \/>\nsign bilateral treaties providing for exchange of bank information.<br \/>\nPolicymakers have celebrated this global initiative as the end of<br \/>\nbank secrecy. Exploiting a unique panel dataset, our study is the<br \/>\nfirst attempt to assess how the treaties affected bank deposits in tax<br \/>\nhavens. Rather than repatriating funds, our results suggest that tax<br \/>\nevaders shifted deposits to havens not covered by a treaty with their<br \/>\nhome country. The crackdown thus caused a relocation of deposits<br \/>\nat the benefit of the least compliant havens. We discuss the policy<br \/>\nimplications of these findings.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the last few year, developed countries used their pressure and started signing tax treaties with tax havens. What was the impact? Johannesen and Zucman wrote an interesting empirical article on this topic: The End of Bank Secrecy? An Evaluation of the G20 Tax Haven Crackdown By Niels Johannesen and Gabriel Zucman During the financial [&hellip;]<\/p>\n","protected":false},"author":4584,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2199],"tags":[],"class_list":["post-357","post","type-post","status-publish","format-standard","hentry","category-taxes"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/archive.blogs.harvard.edu\/chovanec\/wp-json\/wp\/v2\/posts\/357","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/archive.blogs.harvard.edu\/chovanec\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/archive.blogs.harvard.edu\/chovanec\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/chovanec\/wp-json\/wp\/v2\/users\/4584"}],"replies":[{"embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/chovanec\/wp-json\/wp\/v2\/comments?post=357"}],"version-history":[{"count":3,"href":"https:\/\/archive.blogs.harvard.edu\/chovanec\/wp-json\/wp\/v2\/posts\/357\/revisions"}],"predecessor-version":[{"id":360,"href":"https:\/\/archive.blogs.harvard.edu\/chovanec\/wp-json\/wp\/v2\/posts\/357\/revisions\/360"}],"wp:attachment":[{"href":"https:\/\/archive.blogs.harvard.edu\/chovanec\/wp-json\/wp\/v2\/media?parent=357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/chovanec\/wp-json\/wp\/v2\/categories?post=357"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/chovanec\/wp-json\/wp\/v2\/tags?post=357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}