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  <titleInfo>
    <title>The Panama Papers: What Should Be Done?</title>
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  <name type="personal" usage="primary">
    <namePart>Avi-Yonah, Reuven S.</namePart>
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    <dateIssued encoding="marc">2016</dateIssued>
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    <publisher>Verfassungsblog</publisher>
    <dateIssued>2016-04-04</dateIssued>
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  <abstract displayLabel="Summary">If the U.S., the European Union, and Japan were to agree to impose a tax on income flows to tax havens, the tax-evasion problem would largely be solved without the need for cooperation from the havens. Using a 30 percent tax will do the trick. What prevents this obvious solution from happening is that the U.S. is willing to aid and abet tax evasion by Europeans, while the EU is willing to aid and abet tax evasion by Americans. This reflects the political power of the rich on both sides of the Atlantic.</abstract>
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  <note type="statement of responsibility">Avi-Yonah, Reuven S.</note>
  <note type="funding">funded by the government</note>
  <subject>
    <topic>offshore banking</topic>
  </subject>
  <subject>
    <topic>Panama Papers</topic>
  </subject>
  <subject>
    <topic>tax evasion</topic>
  </subject>
  <subject>
    <topic>tax havens</topic>
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  <subject>
    <topic>tax law</topic>
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    <identifier type="issn">2366-7044</identifier>
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      <namePart>Max Steinbeis Verfassungsblog gGmbH</namePart>
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  <identifier type="doi">10.17176/20160405-102902</identifier>
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