This note presents a summary of ongoing work to assess the impact of increasing tax transparency and exchange of information (EOI) on cross-border financial activity using international investment data. Since 2009, there has been a dramatic increase in tax transparency around the world, stemming from the implementation of new standards of exchange of information on request (EOIR) and automatic exchange of information (AEOI). Examining cross-border financial activity in light of these initiatives can help assess whether, and to what extent, these standards have strengthened tax compliance.
Using bank deposit data to assess the impact of exchange of information
