Mobility Responses to Special Tax Regimes for the Super-Rich

Evidence from Switzerland

Datos Bibliográficos

ID9703901
AutoresEnea Baselgia (0000-0002-7717-301X, ETH Zürich, KOF Swiss Economic Institute ,), Isabel Z Martínez (0000-0002-5215-9844, ETH Zürich, KOF Swiss Economic Institute ,, autor de correspondencia)
Año2025
Volumen135
Número668
Páginas1388-1409
Fecha de publicación2025-04-26
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaThe Economic Journal (JOURNAL)
Identificadores de la revistaISSN: 0013-0133 • E-ISSN: 1468-0297
EditorialOxford University Press (PUBLISHER • GB)
DOI10.1093/ej/ueae101
OpenAlexW4404422396
IdiomaEN
Citas recibidas2
Referencias citadas33

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 We are the first to show that, when some Swiss cantons repealed this controversial policy, their stock of super-rich foreigners dropped by 43% as a consequence.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

Economics · Corporate Taxation and Avoidance · Taxation and Compliance Studies