Dear colleagues,

The Department of Economics cordially invites you to the WU Economic Research Seminar (Department Seminar) on Wednesday, January 27^th, 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 27^th

Time: 4.30 to 6 pm (CET)

Location: MS Teams. You can access starting from 4.30 pm using this link.

With best regards,

Harald Oberhofer

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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

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

Webpage: http://www.wifo.ac.at/harald_oberhofer