Transparency and Tax Evasion: Evidence from the Foreign Account Tax Compliance Act (FATCA)
Transparency and Tax Evasion: Evidence from the Foreign Account Tax Compliance Act (FATCA)
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透明度和逃税：来自《海外账户税收合规法案》(FATCA) 的证据
DOI：
10.2139/ssrn.3037426
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发表时间：
2019
期刊：
影响因子：
--
通讯作者：
Kevin S. Markle
中科院分区：
文献类型：
--
作者：
L. De Simone;Rebecca Lester;Kevin S. Markle
我们研究美国个人如何应对旨在减少离岸逃税的监管。《外国账户税收合规法案》（FATCA）要求外国金融机构向美国政府报告有关美国账户持有人的信息。我们首先记录了在FATCA实施后，来自避税国家的外国证券组合投资平均减少78亿至153亿美元，这与美国投资者离岸逃税导致的“往返”投资减少一致。在测试FATCA后避税天堂金融账户的全球总投资时，我们发现平均下降了566亿美元至780亿美元。接下来，我们将提供该法规的其他重要后果的证据，包括美国公民移居国外的增加以及对不受FATCA报告约束的替代资产的更多投资，例如住宅真实的房地产和艺术品。我们的研究有助于学术文献和政策分析的监管，逃税和犯罪。
We examine how U.S. individuals respond to regulation intended to reduce offshore tax evasion. The Foreign Account Tax Compliance Act (FATCA) requires foreign financial institutions to report information to the U.S. government regarding U.S. account holders. We first document an average $7.8 billion to $15.3 billion decrease in equity foreign portfolio investment to the United States from tax‐haven countries after FATCA implementation, consistent with a decrease in “round‐tripping” investments attributable to U.S. investors’ offshore tax evasion. When testing total worldwide investment out of financial accounts in tax havens post‐FATCA, we find an average decline of $56.6 billion to $78.0 billion. We next provide evidence of other important consequences of this regulation, including increased expatriations of U.S. citizens and greater investment in alternative assets not subject to FATCA reporting, such as residential real estate and artwork. Our study contributes to both the academic literature and policy analysis on regulation, tax evasion, and crime.
犯罪与持有大麻的刑罚化：来自警务实验的证据
影响因子：
8.2
作者：
Adda J
通讯作者：
Adda J
周日酒类法律和犯罪。
影响因子：
9.8
作者：
Heaton,Paul
通讯作者：
Heaton,Paul