Monthly Archives: August 2011
Swiss agreement heralds tougher times for offshore bank accounts
From 2013, a new withholding tax of 48% on investment income and 27% on gains will ensure the effective future taxation of UK residents with funds in Swiss bank accounts. This will be accompanied by a new information sharing provision which will make it easier for HM Revenue and Customs to find out about Swiss accounts held by UK taxpayers. The new charges will not apply if the taxpayer authorises a full disclosure of their affairs to HMRC. Continue reading
Best Countries To Open An Offshore Bank Account
You don’t have to be wealthy to have an offshore bank account. Second of all, you do not have to be present to open it and you do not have to visit the bank at any time during the life of the account. Continue reading
Monaco Tax Status
That Monaco is crowded with celebrities is no piece of news. Since 1869, when the politics of personal income tax became favorable, Monaco attracted many individuals with high net income, such as movie stars, sporting stars etc.. who became residents … Continue reading