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Old 26.10.2010, 05:14
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Tax and the International Governments

As the Western and US governments get more and more desperate for Tax Receipts more and more deals are being done between the countries in the West.


Switzerland is putting its self in a peculiar position.
In one respect it is offering foreign companies and individuals the opportunity to move their companies to Switzerland to avoid tax in where the company really trades from or at least had its Holding Company/Head Office originally (You just need to go to Zug to see what I mean (only 20 years ago this town used to be a simple market town) with office blocks and residential apartments built on farm land) and in the other; it is divulging information.

So where do people see this going?

Should Switzerland be divulging the information?

What do you think of the morals of these companies and individuals avoiding/evading paying tax?
I do not have friends..........I have contingent liabilities
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Old 26.10.2010, 06:43
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Re: Tax and the International Governments

Although many of us here work for financial institutions and benefit from the banking secrecy law, it is not right for a person living in the UK
or US or wherever to simply hide their money in a Swiss bank account.

As far as companies, this is a bit more tricky. Companies can legally
move their headquarters to foreign shores. There are many "mailbox"
companies here in Switzerland. These companies make most of
their profits in UK, Germany, or US and pay little tax in Zug, Switzerland.
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