Exchange of Information and Bank Deposits in International Financial Centres

This paper assesses the impact of exchange information on foreign-owned bank deposits in international financial centres (IFCs). IFC declined globally by 24% or USD 410 billion during 2008 to 2019. The commencement automatic is associated average with a 22% reduction held non-IFC jurisdictions. Increasing multilateral expansion request seems diminish marginal gains new bilateral treaties. jurisdictions specialising banking activities have been mostly affected increasing tax transparency. A comprehensive approach thus fundamental for successfully