Mobility Responses to Special Tax Regimes for the Super-Rich: Evidence from Switzerland

Enea Baselgia and Isabel Martínez

No 11093, CESifo Working Paper Series from CESifo

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.

Keywords: super-rich; location-choice; tax mobility; expenditure-based taxation; preferential taxation; tax competition (search for similar items in EconPapers)
JEL-codes: H24 H71 H73 R23 (search for similar items in EconPapers)
Date: 2024
New Economics Papers: this item is included in nep-lab, nep-pbe, nep-pub and nep-ure
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_11093

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