multinational bank groups headquartered in the EU for 2014-2016. We compare this new dataset with information from Orbis and Bank … EU bank groups, especially in tax havens. We also document a striking disconnect between reported profits and real … activity, noting considerable heterogeneity between different tax havens and bank groups from different headquarter countries …

that eliminates the debt bias in corporate taxation. Such a reform reduces bank leverage. This paper emphasizes a novel …, complementary channel: bank risk taking. We model the portfolio choice of banks under moral hazard and thereby highlight the … deposits, the after-tax returns on different portfolios, and future bank profits. The analysis yields two novel findings: A tax …

bias in corporate taxation. It is well known that this reform reduces bank leverage. This paper analyzes a novel …

simulation exercise is performed on how various external shocks affect the balance sheet of an average European bank under the … introduction of full fair value accounting could have a significant effect in terms of income volatility, procyclicality of bank …