Go Back   English Forum Switzerland > Help & tips > Finance/banking/taxation
Reply
 
Thread Tools Display Modes
  #1  
Old 31.08.2011, 23:24
KPE KPE is offline
Newbie
 
Join Date: Aug 2011
Location: USA
Posts: 1
Groaned at 0 Times in 0 Posts
Thanked 0 Times in 0 Posts
KPE has no particular reputation at present
Desperate for advice on wealth tax in geneva/vaud area

I'm an American considering a job in Geneva. We'd need to be living somewhere in easy commuting distance - I'm assuming this would be Geneva or Vaud.

Upon doing some research, I stumbled across the fact that Switzerland has a wealth tax, and Geneva and Vaud have some of the highest rates. I was so blinded by the Swiss reputation as a tax haven that I hadn't even considered this.

I have some questions on the wealth tax. Are there any ways of structuring assets that are not located in Switzerland, and not real estate (i.e. stocks and bonds), that would reduce tax liability? I'm thinking things like trusts, llc, partnerships, etc. Or - are there any other options I'm missing?

Also - if it's even possible, at what level of assets would the expense of setting these kinds of structures be worthwhile?

One more question - I understand I'd probably need to find a tax adviser.
How would I go about finding a reputable one?

thank you!
Reply With Quote
  #2  
Old 31.08.2011, 23:46
Newbie 1st class
 
Join Date: May 2011
Location: Zurich
Posts: 12
Groaned at 0 Times in 0 Posts
Thanked 3 Times in 3 Posts
cyfra has no particular reputation at present
Re: Desperate for advice on wealth tax in geneva/vaud area

First - go to comparis.ch: Finances -> Tax comparison, and put your details in to see how much of the wealth tax you'd have to pay per canton.

Then, if the sum is big enough -- try to find an advisor. Remember to find the one that specializes in American "cases" (as currently Swiss bankers / advisors go crazy when you mention that you're American -- you have to fill special forms when filing your tax returns etc).
Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Permis B tax at source in Vaud and in Geneva leileibe Finance/banking/taxation 1 14.03.2011 12:25
Wealth Tax in Switzerland - seekign clarification, information midwestlady Finance/banking/taxation 13 30.11.2010 10:08
Property/Wealth tax in canton Zug oneone Housing in general 8 30.05.2010 14:29
Wealth tax on foreign business tamash1 Finance/banking/taxation 11 11.11.2009 15:03
Capital gains tax and inheritance laws in Geneva & Vaud jwren Finance/banking/taxation 1 14.01.2008 10:51


All times are GMT +2. The time now is 15:07.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2012, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0