Category Archives: Swiss Banking
Switzerland tops global tax haven ranking
A new study on financial secrecy has found Switzerland to have the world’s most opaque bank system, despite recent fiscal agreements with Germany, the UK and the US. Continue reading
Posted in Banking, Business, offshore investment, Swiss Banking, Taxes, World Investment
Tagged Bank secrecy in Switzerland, G-20, NGOs and political activists, Organization for Economic Co-operation and Development (OECD), Swiss Banking, Switzerland, tax haven, Tax Justice Network, taxes, World Investment
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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
Posted in Banking, offshore investment, Swiss Banking, Taxes
Tagged offshore banking, Swiss Bank Account, tax evasion, World Investment
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