Country-by-country reporting and other financial transparency measures affecting the European union

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11230%2F21%3A10430212" target="_blank" >RIV/00216208:11230/21:10430212 - isvavai.cz</a>

Výsledek na webu

<a href="https://doi.org/10.1093/oso/9780198854722.003.0008" target="_blank" >https://doi.org/10.1093/oso/9780198854722.003.0008</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1093/oso/9780198854722.003.0008" target="_blank" >10.1093/oso/9780198854722.003.0008</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Country-by-country reporting and other financial transparency measures affecting the European union

Popis výsledku v původním jazyce

The EU faces large amounts of financial secrecy supplied to it by secrecy jurisdictions. In this chapter, we use the Bilateral Financial Secrecy Index to quantify which jurisdictions supply most secrecy to EU Member States. The chapter assesses the progress of two recent EU policy efforts to tackle financial secrecy: automatic exchange of country-by-country reporting (CbCR) data and black and grey list of non-cooperative jurisdictions. It is found that 34 per cent of the financial secrecy faced by the EU is supplied by other Member States, whose a priori exclusion from the blacklisting exercise reveals its fundamental flaw. Further 13 per cent is supplied by the EU&apos;s dependencies, mainly the UK&apos;s Cayman Islands, Bermuda, and Guernsey. The jurisdictions that supply the most secrecy not covered by automatic information exchange of CbCR data are the British Virgin Islands, United States, and Curacao. Finally the chapter discusses policy recommendations that stem from our analysis.

Název v anglickém jazyce

Country-by-country reporting and other financial transparency measures affecting the European union

Popis výsledku anglicky

The EU faces large amounts of financial secrecy supplied to it by secrecy jurisdictions. In this chapter, we use the Bilateral Financial Secrecy Index to quantify which jurisdictions supply most secrecy to EU Member States. The chapter assesses the progress of two recent EU policy efforts to tackle financial secrecy: automatic exchange of country-by-country reporting (CbCR) data and black and grey list of non-cooperative jurisdictions. It is found that 34 per cent of the financial secrecy faced by the EU is supplied by other Member States, whose a priori exclusion from the blacklisting exercise reveals its fundamental flaw. Further 13 per cent is supplied by the EU&apos;s dependencies, mainly the UK&apos;s Cayman Islands, Bermuda, and Guernsey. The jurisdictions that supply the most secrecy not covered by automatic information exchange of CbCR data are the British Virgin Islands, United States, and Curacao. Finally the chapter discusses policy recommendations that stem from our analysis.

Druh

C - Kapitola v odborné knize

CEP obor

—

OECD FORD obor

50201 - Economic Theory

Projekt

—

Návaznosti

R - Projekt Ramcoveho programu EK

Rok uplatnění

2021

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název knihy nebo sborníku

Combating Fiscal Fraud and Empowering Regulators: Bringing tax money back into the COFFERS

ISBN

978-0-19-885472-2

Počet stran výsledku

26

Strana od-do

132-157

Počet stran knihy

338

Název nakladatele

Oxford University Press.

Místo vydání

Oxford

Kód UT WoS kapitoly

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