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  #21  
Old 17.12.2012, 16:52
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Re: Should I empty my bank account to avoid tax ?

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Ah.. see.. there it is..

My accountant has only every asked for the 'end of year' statements on obvious things (bank accounts, mortgage, interest payments etc.)

I never knew these other things ... cash, bullion, watches, expensive Poodle etc.... are also taxable assets. (The accountant has been to my hovel.. so he presumably knows not to waste our time)

Still it's a bit of a laugh.. there can't be a list of what has to be declared can there ? (or is there a stipulation "anything worth more than XXXX chfs")
Remember to declare the balance of your Coop Supercard, and your Migros Cumulus Points, your Frequent Flyer miles, and the stamps on your Starbucks Coffee Card ... these have "value" and you exchange the value for "free" goods... so therefore they are part of your wealth....
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  #22  
Old 17.12.2012, 16:58
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Re: Should I empty my bank account to avoid tax ?

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to make this effective, you should transfer it to somebody else who will then take the tax hit. i'd be happy to perform this service for you. just let me know...
just wanted to add that Phil is completely reliable.
I have handed him a quarter mill on many an occasion. He always buys me a drink whenever I see him...
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  #23  
Old 17.12.2012, 17:05
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Re: Should I empty my bank account to avoid tax ?

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He always buys me a drink whenever I see him...
Don't forget to declare that.
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  #24  
Old 17.12.2012, 17:10
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Re: Should I empty my bank account to avoid tax ?

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Remember to declare the balance of your Coop Supercard, and your Migros Cumulus Points, your Frequent Flyer miles, and the stamps on your Starbucks Coffee Card ... these have "value" and you exchange the value for "free" goods... so therefore they are part of your wealth....
Hi,
I'm a bit confused by this tax declaration.
Should I declare the stickers "Migros Megawin"? They have value, I have all of them beside " Beetle 1, Touareg 3, Seat 6, Piaggio 2 and Flyer 4".

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  #25  
Old 17.12.2012, 17:37
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Re: Should I empty my bank account to avoid tax ?

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I think it is .8%, so less than one percent

So you're saying 0.8% is less than 1%?
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  #26  
Old 17.12.2012, 17:51
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Re: Should I empty my bank account to avoid tax ?

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So you're saying 0.8% is less than 1%?
reading comprehension and maths fail all in one
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  #27  
Old 17.12.2012, 19:58
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Re: Should I empty my bank account to avoid tax ?

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Any interest you receive on your savings will be taxed at about 33% and paid by the bank to the tax authority.

You should receive a bank statement in January 2013 showing interest and tax paid for you in 2012. You can re-claim this 2012 tax back on your next tax return, which you make in Febraury 2013.

The system is designed to tax black money held in Swiss accounts by foreigners living outside Switzerland.

Thanks Sbrinz for the info. I never knew (or bothered to find out) that this tax can be re-claimed. How much of it can be re-claimed?
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  #28  
Old 17.12.2012, 20:34
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Re: Should I empty my bank account to avoid tax ?

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Remember to declare the balance of your Coop Supercard, and your Migros Cumulus Points, your Frequent Flyer miles, and the stamps on your Starbucks Coffee Card ... these have "value" and you exchange the value for "free" goods... so therefore they are part of your wealth....
Worse, the Starbucks cards are digital now, so they can be reported directly to the government. They'll get you good for that.
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  #29  
Old 17.12.2012, 20:45
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Since proof of everything is required for the tax return, presumably I have to photocopy all the cash....? ( must dump that bag of pennies....)
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  #30  
Old 17.12.2012, 21:31
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Re: Should I empty my bank account to avoid tax ?

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Only a fool would declare those... oh yes i have 2 KG of gold in my deposit box and dodgy cash in my pillow case.
So only a fool would not cheat? We choose to live in a civilised society that costs money to run. I guess it depends how seriously you take your responsibility to pay your fair share.
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  #31  
Old 17.12.2012, 21:34
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Re: Should I empty my bank account to avoid tax ?

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I can't remember the details now but I think on my (Basel Stadt) tax form I had to note down any bank account which gave me more than 200 CHF in interest. With such low interest rates, that's quite a chunk of cash, but even so I simply opened a few (online) Postfinance savings accounts and spread my savings between them all.
Hi adrianlondon, are your few online Postfinance saving accounts of the same currencies or different? If one is CHF and another one is EUR I could understand but can one actually have two CHF Postfinance accounts? That would be something new for me. Seems hard for me to think of a convincing reason other than the intention to cheat the 200 CHF interest barrier?
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  #32  
Old 18.12.2012, 00:32
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Re: Should I empty my bank account to avoid tax ?

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Hi adrianlondon, are your few online Postfinance saving accounts of the same currencies or different? If one is CHF and another one is EUR I could understand but can one actually have two CHF Postfinance accounts? That would be something new for me. Seems hard for me to think of a convincing reason other than the intention to cheat the 200 CHF interest barrier?
They're all CHF. You simply keep clicking "open online saver" or whatever it's called. As many times as you like.
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  #33  
Old 18.12.2012, 00:47
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Re: Should I empty my bank account to avoid tax ?

I'd just show the taxman the extremely large toblerone that is taking up all the space in the back garden

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if you withdraw it, it will still be in cash which still counts as wealth. how would you answer the question "sir, i see you withdrew 250'000 CHF from your bank account on 23 December. What did you do with this cash?"

to make this effective, you should transfer it to somebody else who will then take the tax hit. i'd be happy to perform this service for you. just let me know...
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  #34  
Old 18.12.2012, 08:15
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Re: Should I empty my bank account to avoid tax ?

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They're all CHF. You simply keep clicking "open online saver" or whatever it's called. As many times as you like.
Thanks for the info! Just found out from the Postfinance website that they are reducing the interest for e-deposito to 0.5% starting 01.01.13! Maybe it is not so interesting to open an additional account anyway...
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