Tax Information Exchange Influence on Czech Based Companies’ Behavior in Relation to Tax Havens
| Autor: | Lukáš Moravec, Jan Rohan |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2017 |
| Předmět: |
taxpayer
Double taxation Economic policy Direct tax 02 engineering and technology Tax reform Tax haven lcsh:Agriculture Ad valorem tax jurisdiction tax information exchange agreement 0502 economics and business 0202 electrical engineering electronic engineering information engineering 050207 economics lcsh:QH301-705.5 tax haven 05 social sciences tax lcsh:S International economics Tax avoidance tax administrator Value-added tax lcsh:Biology (General) 020201 artificial intelligence & image processing Business General Agricultural and Biological Sciences Indirect tax |
| Zdroj: | Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Vol 65, Iss 2, Pp 721-726 (2017) |
| ISSN: | 2464-8310 1211-8516 |
| Popis: | In recent years, borders between countries have been opened gradually thanks to globalization, which is reflected in minimal barriers to the movement of persons and capital. This situation could be potentially abused by taxpayers willing to shift the capital to preferential tax jurisdictions. Due to facts aforementioned, several instruments for tax administrators have been introduced. Bilateral and multilateral instruments are concluded with particular countries for the purpose of obtaining information about foreign residents staying abroad but also to avoid double taxation or double non-taxation. In recent years there has been an increased number of companies in the Czech Republic whose owners come from preferential tax jurisdiction from 12,676 up to 13,167. This paper is focused on the Czech taxpayers' reaction on concluding agreements concerning exchange of information in tax matters with preferential tax jurisdictions, the so-called "Tax havens". The Difference-in-Differences Method was carried out to predict the taxpayers' behavior. The model shows that the agreements work well as a preventive tool. If the Czech Republic concludes the agreement with the tax haven, the taxpayers lose their anonymity. This results in their relocation into tax havens that are not covered by the agreement in order to keep their anonymity. |
| Databáze: | OpenAIRE |
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