Mobility Responses to Special Tax Regimes for the Super- Rich: Evidence from Switzerland
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Date
2024-04
Publication Type
Working Paper
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yes
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Abstract
We use a novel rich-list data set to estimate the sensitivity of the location choice of superrich foreigners to a special tax regime, under which wealthy foreigners are taxed on their living expenses, rather than their true income and wealth. We are the first to evaluate this controversial Swiss policy, and show that when some Swiss cantons abolished this practice, their stock of super-rich foreigners dropped by 43% as a consequence. We find no response for the Swiss super-rich, who were unaffected by the policy change.
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published
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Pages / Article No.
11093
Publisher
CESifo
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Edition / version
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Software
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Date collected
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Subject
Super-rich; Location-choice; Tax mobility; Expenditure-based taxation; Preferential taxation; Tax competition
Organisational unit
06338 - KOF FB KOF Lab / KOF FB KOF Lab
03716 - Sturm, Jan-Egbert / Sturm, Jan-Egbert
02525 - KOF Konjunkturforschungsstelle / KOF Swiss Economic Institute