000			01558nab a2200241 c 4500
999			_c142911 _d142911
003			ES-MaIEF
005			20201007122100.0
007			ta
008			201007t2020 us ||||| |||| 00| 0|eng d
040			_aES-MaIEF _bspa _cES-MaIEF
041			_aeng
100	1		_968409 _aKolstad, Ivar
245		0	_aProtected tax havens _bcornering the market through international reform? _c Ivar Kolstad _hElectrónico
260			_c2019
500			_aDisponible únicamente en formato electrónico.
500			_3Resumen.
520			_aSince 2000, an international reform process has been underway to reduce the negative impact of tax havens. This article analyses whether the reform period has favoured protected tax havens, i.e. havens with strong connections to the United Kingdom, the European Union, the United States and China, relative to tax havens without such connections. Using an implicit difference-in-difference approach with heterogeneous treatment effects, the author shows that portfolio investment in protected havens increased significantly more than in unprotected havens in the period 1997 to 2015. In other words, through their associated territories, some of the most powerful countries in the world seem to have cornered the market for tax haven services during the reform period. This may make further reform more difficult.
650		4	_947950 _aPARAISOS FISCALES
650			_aFISCALIDAD INTERNACIONAL _944303
650			_aREFORMA _910750
773	0		_9163457 _oWTJ/2019/4 _tWorld Tax Journal _w(IEF)62814 _gv. 11, n. 4, 2019
942			_cRE