Escaping the exchange of information: Tax evasion via citizenship-by-investment
研究了高收入个人如何通过投资入籍计划获取新护照，以降低在自动税收信息交换下逃税被发现的概率，并利用跨境银行存款数据提供了间接证据。
With automatic exchange of tax information among countries now common, tax evaders have had to find new ways to hide their offshore holdings. One such way is citizenship-by-investment, which offers 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.