TY  - UNPD
A1  - Weichenrieder, Alfons J.
A1  - Xu, Fangying
T1  - Are tax havens good? Implications of the crackdown on secrecy
T2  - SAFE working paper series ; No. 111
N2  - 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.
T3  - SAFE working paper - 111 
KW  - tax haven
KW  - secrecy
KW  - tax information exchange
KW  - China
KW  - India
Y1  - 2015
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/37809
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-378093
UR  - http://ssrn.com/abstract=2634402
IS  - July 2015
PB  - SAFE
CY  - Frankfurt am Main
ER  -