Behavioral Responses to Special Tax Regimes for the Super-Rich: Insights from Swiss Rich Lists

Enea Baselgia and Isabel Martínez

No 9778, CESifo Working Paper Series from CESifo

Abstract: We collect, digitize, and supplement Swiss rich lists published in the “BILANZ” magazine since 1989. Based on this new dataset, we estimate the sensitivity of the location choice of super-rich foreigners to a preferential tax scheme, under which wealthy foreigners are taxed on their expenses, rather than their true income and wealth. We are the first to evaluate this infamous policy (which bears similarities with “non-dom” taxation in the UK), and show that when some Swiss cantons abolished this practice, their stock of super-rich foreigners dropped by 30% as a consequence. We find no response for the unaffected Swiss super-rich.

Keywords: super-rich; tax mobility; preferential taxation; tax competition; wealth inequality (search for similar items in EconPapers)
JEL-codes: C81 D31 H24 H71 H73 R23 (search for similar items in EconPapers)
Date: 2022
New Economics Papers: this item is included in nep-eur and nep-pub
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Related works:
Working Paper: Behavioral Responses to Special Tax Regimes for the Super-Rich: Insights from Swiss Rich Lists (2023)
Working Paper: Behavioral Responses to Special Tax Regimes for the Super – Rich: Insights from Swiss Rich Lists (2023)
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Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_9778

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