Go Back   English Forum Switzerland > Help & tips > Finance/banking/taxation
Closed Thread
 
Thread Tools Display Modes
  #1  
Old 09.04.2007, 08:42
Newbie
 
Join Date: Apr 2007
Location: Canada
Posts: 2
Groaned at 0 Times in 0 Posts
Thanked 0 Times in 0 Posts
BMW Alpina has no particular reputation at present
Question about Swiss bank secrecy laws

Hi newbie here. Just came across this site while browsing, had some questions regarding Swiss banking laws, hoping someone here can help me. To give you a bit of background im canadian and live in canada.

1) Is bank secrecy lifted in cases of tax evasion. If a canadian opens an account in switzerland and does not report the interest earned on this account to his/her tax authorities, can bank secrecy be lifted and information exchanged with foreign tax authorities?

2) In cases of divorce in foreign countries(canada), how hard is it for the spouse to get infomation from swiss authorities. Does she simply need the bank's name, or would she need the bank's name/actual location and the exact account number, before a swiss judge lifts bank secrecy?

3) How is interest earned in switzerland on accounts with foreign currency?

I've heard that with all non swiss franc accounts, the banker gets you interest by putting the money in special funds called money market funds. Are they 100% guaranteed investments?

Do swiss banks offer any other type of risk free, 100% guaranteed investments, on foreign currencies where the capital is guaranteed no matter what, even if that means very low returns.

Thx for the help
  #2  
Old 09.04.2007, 09:32
evilshell's Avatar
Forum Legend
 
Join Date: Jun 2006
Location: UK, formerly Basel
Posts: 3,605
Groaned at 94 Times in 79 Posts
Thanked 3,013 Times in 1,302 Posts
evilshell has a reputation beyond reputeevilshell has a reputation beyond reputeevilshell has a reputation beyond reputeevilshell has a reputation beyond reputeevilshell has a reputation beyond reputeevilshell has a reputation beyond repute
Re: Question about Swiss bank secrecy laws

A quick search of the forum would have given you most of your answers.
This user would like to thank evilshell for this useful post:
  #3  
Old 09.04.2007, 10:17
Newbie
 
Join Date: Apr 2007
Location: Canada
Posts: 2
Groaned at 0 Times in 0 Posts
Thanked 0 Times in 0 Posts
BMW Alpina has no particular reputation at present
Re: Question about Swiss bank secrecy laws

Quote:
View Post
A quick search of the forum would have given you most of your answers.
Thx mate, "Opening a swiss bank account" by hdgeezer, does answer some questions, but still could use some more advice.
  #4  
Old 09.04.2007, 10:19
evilshell's Avatar
Forum Legend
 
Join Date: Jun 2006
Location: UK, formerly Basel
Posts: 3,605
Groaned at 94 Times in 79 Posts
Thanked 3,013 Times in 1,302 Posts
evilshell has a reputation beyond reputeevilshell has a reputation beyond reputeevilshell has a reputation beyond reputeevilshell has a reputation beyond reputeevilshell has a reputation beyond reputeevilshell has a reputation beyond repute
Re: Question about Swiss bank secrecy laws

Feel free to ask your questions then in that thread, so we keep it all in one spot

I'm going to close this thread now.

Quote:
View Post
Thx mate, "Opening a swiss bank account" by hdgeezer, does answer some questions, but still could use some more advice.
Closed Thread


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
Self Employment issue telandy Permits/visas/government 10 01.03.2012 12:21
[Learn] Swiss German or High German mark Language corner 134 01.06.2010 15:21
Would you like to have Swiss German as an official language in place of High German? alessione Language corner 91 15.01.2009 18:33
Opening a Swiss Bank Account hd_geezer Finance/banking/taxation 58 11.08.2008 23:42
The Swiss economy: improvement or just hot air? mark Swiss politics/news 20 31.08.2006 11:41


All times are GMT +2. The time now is 19:42.


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