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Did blacklisting hurt the tax havens?

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  • Robert Thomas Kudrle

Abstract

Purpose - The purpose of this paper is to test the widely‐held assumption that blacklisting, such as that practiced by the Organization for Economic Cooperation and Development (OECD) and the Financial Action Task Force (FATF), affects the volume of financial activity associated with a tax haven. Design/methodology/approach - ARIMA (autoregressive integrated moving average) analysis is used to explore changes across eight measures of in banking‐associated activity that occurred when a tax haven was placed on, or removed from, one FATF and two OECD blacklists. Findings - The results are highly varied. Most importantly, no substantial and consistent impact of blacklisting on banking investment in and out of the tax havens was found across 38 jurisdictions. Practical implications - The role of “speech acts” – unconnected with other developments in the havens or foreign actions beyond rhetoric – may not be as important for tax haven investment as previously thought. Originality/value - No rigorous and comprehensive study has previously been done of this important question.

Suggested Citation

  • Robert Thomas Kudrle, 2009. "Did blacklisting hurt the tax havens?," Journal of Money Laundering Control, Emerald Group Publishing Limited, vol. 12(1), pages 33-49, January.
    • Handle: RePEc:eme:jmlcpp:13685200910922633
    DOI: 10.1108/13685200910922633
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    Citations

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    Cited by:

    1. Polakova, Aija, 2018. "Name and shame? Evidence from the European Union tax haven blacklist," Discussion Papers 2018/18, Norwegian School of Economics, Department of Business and Management Science.
    2. Kerim Can Kavakli & Giovanna Marcolongo & Diego Zambiasi, 2023. "Sanction Evasion Through Tax Havens," BAFFI CAREFIN Working Papers 23212, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.

    More about this item

    Keywords

    Tax havens; Investments;

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