Cross-Border Tax Evasion Under a Unilateral FATCA Regime

  title={Cross-Border Tax Evasion Under a Unilateral FATCA Regime},
  author={Dhammika Dharmapala},
  • Dhammika Dharmapala
  • Published 2016
  • Economics
  • Cross-border tax evasion has emerged in recent years as a central issue in tax enforcement. Traditionally, the legal regime governing cross-border tax enforcement was based on information exchange upon request. In 2010, the US Congress enacted the Foreign Account Tax Compliance Act (FATCA), which seeks to induce foreign financial institutions (FFIs) to participate in a global regime of automatic information reporting of the income of US residents to the US government. This paper presents a… CONTINUE READING

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