Research Handbook on the Economics of Tax Havens

Edited by Arjan Lejour, Professor of Taxation and Public Finance, Fiscal Institute, Tilburg School of Economics and Management, Tilburg University and Dirk Schindler, Professor of International Taxation, Department of Economics, Erasmus School of Economics, the Netherlands

• ContentsPreface x PART I INTRODUCTION 1 1 The need for (economic) research on tax havens: an overview on where we are and where we go 2 Arjan Lejour and Dirk Schindler 2 The institutional and historical characteristics of tax havens 23 Dhammika Dharmapala 3 Data leaks and tax havens 40 Hannes F. Wagner and Stefan Zeume PART II THE EFFECTS OF TAX HAVENS IN CORPORATE TAXATION 4 Theoretical analyses of tax havens 62 Thomas A. Gresik and John D. Wilson 5 Small versus large: the renaissance of macro-data in profit-shifting research 81 Sebastian Beer, Tibor Hanappi and Jan Loeprick 6 Profit-shifting elasticities, channels, and the role of tax havens 105 Valeria Merlo and Georg Wamser 7 The real effects of tax havens 121 Annette Alstadsæter, Ronald B. Davies, Mathieu Parenti and Farid Toubal 8 Tax havens: a developing country perspective 140 Antonia Hohmann, Nadine Riedel and Ida Zinke PART III PERSONAL INCOME TAX ASPECTS OF TAX HAVENS 9 Tax havens, personal tax evasion and inequality 160 Andreas Økland 10 Citizenship/residence by investment and digital nomad visas 179 Elisa Casi, Mohammed Mardan and Barbara M. B. Stage 11 Tax havens and illicit financial flows 196Jakob MiethePART IV THE BUSINESS MODELS OF TAX HAVENS 12 Conduit countries and treaty shopping 218Alfons J. Weichenrieder and Dmitry Erokhin13 Hidden havens: state and local governments as tax havens? 238David R. Agrawal14 Crime havens: tax planners and financial institutions rub shoulders with criminals 256Evelina Gavrilova and Guttorm SchjelderupPART V REGULATION OF TAX HAVENS 15 Promote, ignore, pretend: the political economy of regulating tax havens 280Lukas Hakelberg and Thomas Rixen16 Unlocking hidden treasures: the theory of fighting tax havens efficiently 300Zarko Y. Kalamov17 Information exchange and tax havens 319Lisa De Simone and Bridget Stomberg18 Multinational firms in tax havens – corporate motives, regulatory countermeasures, and recent statistics 348Marcel Olbert, Christoph Spengel and Stefan Weck19 Design and consequences of CFC and GILTI rules: a review and potential lessons for the global minimum tax 371Michael Overesch, Dirk Schindler and Georg Wamser20 Deciphering the GloBE in a low-tax jurisdiction 392Shafik Hebous, Cory Hillier and Andualem Mengistu21 Life after OECD Pillar Two? Some legal challenges for effective regulation 413Maarten F. de WildeIndex 438

‘This book stands as an authoritative reference for those seeking to navigate the complexities of international taxation. [...] Its comprehensive coverage and timely insights make it a valuable addition to the discourse on global tax policy and regulation for academics, policymakers and those with an interest in the area.’