Johannesen, Niels; Stolper, Tim B. M. - 2017
tax havens and a sharp decrease in the market value of banks known to be assisting with tax evasion. The loss of market … value was largest for the banks most strongly involved in tax evasion and zero for banks with no known ties to tax evasion … deters offshore tax evaders by increasing the perceived risk of committing and assisting with tax evasion. …