Welcome to Skatteforsk - Centre for Tax Research's May seminar!
This month we are hosting Ségal Le Guern Herry, PhD candidate in Economics at Sciences Po. Come join us in person on campus or use the link below to participate online.
Venue: Tårnbygningen, room T451, NMBU. Time: 11:15-12:00 Contact person: Benjamin Gøtestam (benjamin.gotestam@nmbu.no)
Title: Push and Pull Factors of Offshore Tax Evasion: Evidence from Bank Transfer Data
Abstract: We study the effects of newly implemented international tax transparency measures on households compliance behavior. To do so, we match French administrative tax record to account-level information reported to the French tax authority by foreign banks through the Automatic Exchange of Information (AEol). We find that in 2021 French taxpayers hold a substantial share of their financial wealth in foreign accounts, almost two thirds of which is concentrated in a few financial centers, mainly Luxembourg and Switzerland. We also document a steep income gradient in the propensity to hold assets in foreign financial institutions. Turning to the impact of the AEol on tax compliance and government revenue, we present suggestive evidence that the recent improvement in global tax transparency is likely to have reduced overall tax evasion and increased government revenue.
Authors: Ségal Le Guern Herry, Annette Alstadsæter, Niels Johannesen, Gabriel Zucman
Use this link to join via teams. Passcode: 69nBUt Meeting ID: 374 010 983 160