Empirical Approach 1 Sample Clauses

Empirical Approach 1. The OECD's Harmful Tax Competition Initiative and the Tax Xxxxxx: From Bombshell to Damp Squib - Xxxxxx (2008): 61
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Empirical Approach 1. The OECD’s Harmful Tax Competition Initiative and the Tax Xxxxxx: From Bombshell to Damp Squib - Xxxxxx (2008): Xxxxxx (2008) has an empirical approach to investigating the effectiveness of the OECD initiative on the exchange of information on tax matters. Xxxxxx (2008) arrives at the conclusion that the OECD initiative only can be expected to decrease the use of tax xxxxxx as a tool to escape personal income tax (i.e. not company tax also). Studying the effect the OECD initiative has on tax evasion on the personal level is thus the purpose of Xxxxxx’x paper. The author recognizes that holding portfolio assets, either directly or indirectly, in tax xxxxxx would be a commonly used tool for evading personal income tax. In order to measure the effectiveness of the OECD initiative, Xxxxxx (2008) studies changes in the total foreign portfolio investment in a set of tax xxxxxx before and after the OECD initiative. The data set used stems from data reported by the Bank for International Settlements. Through his analysis, Xxxxxx (2008) cannot find a considerable drop in the amount of stock held in the jurisdictions regarded as tax xxxxxx at the time the OECD initiative on combating harmful tax practices first appeared. This result suggests that the OECD initiative failed to limit the use of tax xxxxxx when it was introduced.

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