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

• 成果类型: Article
• 署名作者: Baselgia, Enea; Martinez, Isabel Z.
• 署名单位: Swiss Federal Institutes of Technology Domain; ETH Zurich; Leibniz Association; Ifo Institut; Centre for Economic Policy Research - UK
• 刊物名称: ECONOMIC JOURNAL
• ISSN/ISSBN: 0013-0133
• DOI: 10.1093/ej/ueae101
• 发表日期: 2025
• 页码: 1388-1409
• 关键词: top earners evidence; geographical location; migration; taxation; COMPETITION; scheme; state

摘要

We use a novel rich-list dataset to estimate the sensitivity of the location choices of super-rich foreigners to a special tax regime, under which wealthy foreigners are taxed based on their living expenses, rather than their true income and wealth. We are the first to show that, when some Swiss cantons repealed this controversial policy, their stock of super-rich foreigners dropped by 43% as a consequence.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. The implied wealth and income tax mobility elasticities range between 28.4-32.2 and 1.4-1.5, respectively.