Dear colleagues, The Department of Economics cordially invites you to the WU Economic Research Seminar (Department Seminar) on Wednesday, January 27th, with Dominika Langenmayr (KU Eichstätt-Ingolstadt) on "Escaping the Exchange of Information: Tax Evasion via Citizenship-by-Investment" Abstract: With (automatic) exchange of tax information among countries now common, tax evaders have had to find new ways to hide their investments. One such way are citizenship-by-investment programs, which offer foreigners a new passport for a local investment or a fixed fee. We show analytically that high-income individuals acquire a new citizenship to lower the probability that their tax evasion is detected through information exchange. Using data on cross-border bank deposits, we find that deposits in tax havens increase after a country starts offering a citizenship-by-investment program, providing indirect evidence that tax evaders use these programs. Date: Wednesday, January 27th Time: 4.30 to 6 pm (CET) Location: MS Teams. You can access starting from 4.30 pm using this link<https://teams.microsoft.com/l/meetup-join/19%3ameeting_ZDcxZjY4NjYtNTEyOC00MjgzLWIxMmEtOGJkNDE4ZTZjNzhh%40thread.v2/0?context=%7b%22Tid%22%3a%220504f721-d451-402b-b884-381428559e39%22%2c%22Oid%22%3a%2284ec1e87-5802-4e0e-8cb5-f960b2d661c5%22%7d>. With best regards, Harald Oberhofer --- Univ.-Prof. Dr. Harald Oberhofer Institute for International Economics WU Vienna University of Economics and Business Phone: +43/1/31336-4984 Fax: +43/1/31336-4984 Email: harald.oberhofer@wu.ac.at<mailto:harald.oberhofer@wu.ac.at> Webpage: https://www.wu.ac.at/ie/mitarbeiter/harald-oberhofer/ Austrian Institute of Economic Research (WIFO) Phone: +43/1/7982601-468 Fax: +43/1/7989386 Email: harald.oberhofer@wifo.ac.at<mailto:harald.oberhofer@wifo.ac.at> Webpage: http://www.wifo.ac.at/harald_oberhofer