Capital taxation and international cooperation: The causes and consequences of automatic exchange of information
Publikation: Beiträge in Sammelwerken › Kapitel › begutachtet
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Combating Fiscal Fraud and Empowering Regulators: Bringing tax money back into the COFFERS. Hrsg. / Brigitte Unger; Lucia Rossel; Joras Ferwerda. Oxford: Oxford University Press, 2021. S. 112-131.
Publikation: Beiträge in Sammelwerken › Kapitel › begutachtet
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TY - CHAP
T1 - Capital taxation and international cooperation
T2 - The causes and consequences of automatic exchange of information
AU - Ahrens, Leo
AU - Bothner, Fabio
AU - Hakelberg, Lukas
AU - Rixen, Thomas
N1 - Publisher Copyright: © Oxford University Press 2021.
PY - 2021/2/18
Y1 - 2021/2/18
N2 - This chapter addresses the causes and consequences of automatic cross-border exchange of taxpayer information (AEI). First, we argue that the introduction of AEI was enabled by the willingness of the United States to exert its superior economic power. Second, we find that AEI leads to shifts of international investment out of tax havens, while at the same time very sophisticated tax evaders have been able to use loopholes in the AEI regime. Third, we focus on the impact of AEI on domestic tax policies and show that AEI removes the pressure of international tax competition and enables governments to increase taxes on internationally mobile capital. International cooperation in the form of AEI increases the domestic policy space of governments under conditions of economic globalization and may enable a return to more progressive tax systems and a reversion of the trend of rising income and wealth inequality.
AB - This chapter addresses the causes and consequences of automatic cross-border exchange of taxpayer information (AEI). First, we argue that the introduction of AEI was enabled by the willingness of the United States to exert its superior economic power. Second, we find that AEI leads to shifts of international investment out of tax havens, while at the same time very sophisticated tax evaders have been able to use loopholes in the AEI regime. Third, we focus on the impact of AEI on domestic tax policies and show that AEI removes the pressure of international tax competition and enables governments to increase taxes on internationally mobile capital. International cooperation in the form of AEI increases the domestic policy space of governments under conditions of economic globalization and may enable a return to more progressive tax systems and a reversion of the trend of rising income and wealth inequality.
KW - Automatic exchange of taxpayer information
KW - Capital taxation
KW - Financial transparency
KW - Globalization
KW - International cooperation
KW - Tax avoidance
KW - Tax evasion
KW - Politics
UR - http://www.scopus.com/inward/record.url?scp=85113105635&partnerID=8YFLogxK
U2 - 10.1093/oso/9780198854722.003.0007
DO - 10.1093/oso/9780198854722.003.0007
M3 - Chapter
AN - SCOPUS:85113105635
SN - 978-0-19-885472-2
SP - 112
EP - 131
BT - Combating Fiscal Fraud and Empowering Regulators
A2 - Unger, Brigitte
A2 - Rossel, Lucia
A2 - Ferwerda, Joras
PB - Oxford University Press
CY - Oxford
ER -