Exchange of information and bank deposits in international financial centres

• Pierce O'Reilly ^[1] ; Kevin Parra Ramírez ^[2] ; Michael A. Stemmer ^[1]
  1. [1] OECD, Centre for Tax Policy and Administration
  2. [2] Banque de France
• Localización: Hacienda Pública Española / Review of Public Economics, ISSN 0210-1173, Nº 239, 2021, págs. 27-69
• Idioma: inglés
• DOI: 10.7866/hpe-rpe.21.4.2
• Títulos paralelos:
  • Intercambio de información y depósitos bancarios en centros financieros internacionales
• Enlaces
  • Texto completo
• Resumen
  • español

    Este documento evalúa el impacto del intercambio de información sobre los depósitos bancarios de propiedad extranjera en los centros financieros internacionales (CFI). Los depósitos de IFC disminuyeron a nivel mundial en un 24% o USD 410 mil millones durante 2008 hasta 2019. El inicio del intercambio automático de información está asociado en promedio con un Reducción del 22% en los depósitos bancarios de la IFC en jurisdicciones no pertenecientes a la IFC. Aumento de la expansión multilateral del intercambio de información previa solicitud parece disminuir las ganancias marginales de los nuevos tratados bilaterales. IFC Las jurisdicciones especializadas en actividades bancarias se han visto más afectadas por el aumento de la transparencia fiscal. Por lo tanto, un enfoque multilateral integral es fundamental para aumentar con éxito la transparencia fiscal internacional.

  • English

    This paper assesses the impact of exchange of information on foreign-owned bank deposits in international fnancial centres (IFCs). IFC deposits declined globally by 24% or USD 410 billion during 2008 to 2019. The commencement of automatic exchange of information is associated on average with a 22% reduction in IFC bank deposits held by non-IFC jurisdictions. Increasing multilateral expansion of exchange of information on request seems to diminish marginal gains of new bilateral treaties. IFC jurisdictions specialising in banking activities have been mostly affected by increasing tax transparency. A comprehensive multilateral approach is thus fundamental for successfully increasing international tax transparency.

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