| 来源类型 | Discussion paper
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| 规范类型 | 论文
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| 来源ID | DP16627
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| DP16627 Mobility Responses to the Establishment of a Residential Tax Haven: Evidence From Switzerland |
| Isabel Z. Martínez
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| 发表日期 | 2022-04-27
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| 出版年 | 2022
|
| 语种 | 英语
|
| 摘要 | I analyze mobility responses to a tax reform that established the Swiss canton of Obwalden as a tax haven in 2006. The reform, which included a regressive income tax schedule, was explicitly aimed at attracting the top 1%. Difference-in-Differences (DiD) estimations comparing Obwalden to all other cantons confirm that the reform successfully attracted high-income taxpayers: by 2016, the share of top earners in the canton had doubled, and average income per taxpayer was 16% higher relative to 2005. Based on individual tax return data, I estimate the mobility elasticity with a two-stage least squares (2SLS) approach, which isolates the identifying variation in the tax rate stemming from the 2006 reform only. I find a large elasticity of the stock of high-income taxpayers of 1.5–2 with respect to the net-of- average-tax rate. The corresponding flow elasticity is 7.2. Despite these large behavioral responses, the reform did not increase revenue per capita in the canton. Finally, I find small positive effects on local employment. However, in-movers with high incomes were not more likely to also work in the canton, and I cannot rule out that employment effects were driven by the simultaneous reduction in corporate income taxes. |
| 主题 | Public Economics
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| 关键词 | Mobility
Personal income tax
Local taxes
Tax competition
Regressive income tax
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| URL | https://cepr.org/publications/dp16627-0
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| 来源智库 | Centre for Economic Policy Research (United Kingdom)
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/546271
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推荐引用方式
GB/T 7714 |
Isabel Z. Martínez. DP16627 Mobility Responses to the Establishment of a Residential Tax Haven: Evidence From Switzerland. 2022.
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