Real Effects of Public Country-by-Country Reporting and the Firm Structure of European Banks

41 Pages Posted: 24 Jan 2020 Last revised: 4 Mar 2020

See all articles by Eva Eberhartinger

Eva Eberhartinger

Vienna University of Economics and Business

Raffael Speitmann

Vienna University of Economics and Business

Caren Sureth-Sloane

Paderborn University; Vienna University of Economics and Business

Date Written: March 1, 2020

Abstract

European regulation mandates public country-by-country reporting for banks and is expected to increase reputational costs in case of tax haven activities. We test whether the availability of additional public information on the locations of banks' subsidiaries reduces their tax haven presence. In a preliminary difference-in-difference analysis we find that indeed, tax haven presence in “Dot-Havens” has declined significantly after the introduction of mandatory public country-by-country reporting for European banks, as compared to the insurance industry which is not subject to this regulation.

Keywords: country-by-country reporting, real effects, tax haven, tax disclosure

JEL Classification: F23, G18, G21, G22, H20, H25, H32, M48

Suggested Citation

Eberhartinger, Eva and Speitmann, Raffael and Sureth-Sloane, Caren, Real Effects of Public Country-by-Country Reporting and the Firm Structure of European Banks (March 1, 2020). WU International Taxation Research Paper Series No. #2020-01 . Available at SSRN: https://ssrn.com/abstract=3523909 or http://dx.doi.org/10.2139/ssrn.3523909

Eva Eberhartinger

Vienna University of Economics and Business ( email )

Welthandelsplatz 1
Vienna 1020
Austria

HOME PAGE: http://www.wu.ac.at

Raffael Speitmann (Contact Author)

Vienna University of Economics and Business ( email )

Welthandelsplatz 1
Vienna, Wien 1020
Austria

Caren Sureth-Sloane

Paderborn University ( email )

Warburger Str. 100
Paderborn, 33098
Germany

Vienna University of Economics and Business ( email )

Welthandelsplatz 1
Vienna, Wien 1020
Austria

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