00898nam a22001217a 4500100005900000245007800059260004100137300000900178490002400187520044900211650004500660856007100705  aBouvatier, V., Capelle-Blancard, G. and Delatte, A. L.  aBanks in Tax Havens: First Evidence based on Country-by-Country Reporting  aBrussels bEuropean Commissionc2017  a65p.  aCEPII Working Paper  aThis paper provides a quantitative assessment of the importance of tax havens in international banking activity, and average effect of being a tax haven is an extra presence of foreign affiliates by 168%. The paper notes that EU banks, the main tax havens are located within Europe. Lenient regulatory environment attract extra commercial presence. It estimates that the tax savings for EU banks is between Euros 1 billion and Euros 3.6 billion  aBanking Secrecy, Tax Evasions and Havens  uiffoadatabase.trustafrica.org/iff/Banks_in_Tax_Havenswp2017-16.pdf