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The role of European tax havens in international money laundering and fincrime : economic implications for the European Union
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Orientador(es)
Resumo(s)
This thesis focusses on the issue of European tax havens as facilitators of international money laundering and financial crime, and the economic implications for the European Union (EU). In the present study we examine how these jurisdictions are pathways for illicit financial flows or aggressive tax avoidance which compromise government revenue stability and economic equity in the EU. It was found that five jurisdictions associated with the EU accounting for over 50% of the global risk for corporate financial wrongdoing, these are Switzerland, the Netherlands, Jersey, Ireland, and Luxembourg. In terms of economic modelling, based on Cobham and Janský (2018), we estimate that the loss to the EU due to profit shifting by these jurisdictions amounts to between €50-70 billion annually. We used theoretical analysis, economic modelling, and case studies of the Panama Papers and Luxembourg Leaks in arriving at our conclusion addressing the regulatory weaknesses and making recommendations to improve transparency, regulatory alignment, and anti-money laundering efficacy.
Descrição
Trabalho Final de Mestrado, International Economics and European Studies, ISEG, 2025.
Palavras-chave
European Union Tax Havens Money Laundering Financial Crime Economic Impact Transparency