Are international deposits tax-driven

• 成果类型: Article; Proceedings Paper
• 署名作者: Huizinga, H; Nicodème, G
• 署名单位: Tilburg University; Universite Libre de Bruxelles
• 刊物名称: JOURNAL OF PUBLIC ECONOMICS
• ISSN/ISSBN: 0047-2727
• DOI: 10.1016/S0047-2727(03)00058-6
• 发表日期: 2004
• 页码: 1093-1118
• 关键词: international deposits; Tax evasion

摘要

This paper investigates the impact of tax policy on international depositing. Non-bank international deposits are shown to be positively related to interest income taxes and to the presence of domestic bank interest reporting. This suggests that international deposits are in part intended to facilitate tax evasion. At present, only part of international interest flow are covered by either nonresident interest withholding taxes or international exchange of information. This incomplete coverage may be a reason that these policies currently appear to have little impact on international depositing. (C) 2003 Elsevier B.V. All rights reserved.