00944nam a22001457a 4500 Bouvatier, V., Capelle-Blancard, G. and Delatte, A. L. Banks in Tax Havens: First Evidence based on Country-by-Country Reporting Brussels European Commission 2017 65p. CEPII Working Paper This 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 Banking Secrecy, Tax Evasions and Havens iffoadatabase.trustafrica.org/iff/Banks_in_Tax_Havenswp2017-16.pdf CF 1024 1024