If you have the means, you should take advantage of Switzerland's banking options.
Switzerland Just Says "NO!" to Greedy EU Tax Collectors
Here at The Sound Of Cannons we view Switzerland as the leading, all around best offshore financial haven in the world.
It has relatively low taxes, (especially compared to its European welfare state neighbors), traditionally strong bank secrecy enforced by law and financial and banking professionals that set the world standard.
The Swiss levy lower corporate taxes compared to EU nations, which means each Swiss canton sets its own tax levels. So of course, envious EU tax collectors have attacked Switzerland because they don't fork over as much as they think the Swiss should.
Politicians from EU high tax nations are upset that companies, and tax revenues, are escaping to non-EU member Switzerland to benefit from far better tax laws. But rather than fix their own bad tax policies, they stupidly want the Swiss to raise the tax burden on economic activity in Switzerland.
Not surprisingly, as the Neue Zuricher Zeitung reports, Swiss leaders repeatedly have said "no" to it: "The Swiss government has rejected formal negotiations with the European Union in a bid to resolve a controversy over the country's corporate tax system... Finance Minister Hans Rudolf Merz and Foreign Minister Micheline Calmy Rey said on Wednesday that Switzerland would not surrender its sovereignty on tax matters .
The statement came in the wake of a decision earlier this week by EU ministers to open official negotiations with Switzerland....Over the past few weeks several ministers have come out against holding formal negotiations with Brussels in the tax row. Merz said the cabinet and the cantons, which have wide-ranging autonomy in fiscal matters, wanted to ensure that Switzerland remains competitive."
Too bad that the Brussels bureaucrats fail to understand basic economics. Even a cursory look at the Swiss economic record would prompt the logical conclusion that lower taxes mean more business, more jobs and more prosperity.
Switzerland Just Says "NO!" to Greedy EU Tax Collectors
Here at The Sound Of Cannons we view Switzerland as the leading, all around best offshore financial haven in the world.
It has relatively low taxes, (especially compared to its European welfare state neighbors), traditionally strong bank secrecy enforced by law and financial and banking professionals that set the world standard.
The Swiss levy lower corporate taxes compared to EU nations, which means each Swiss canton sets its own tax levels. So of course, envious EU tax collectors have attacked Switzerland because they don't fork over as much as they think the Swiss should.
Politicians from EU high tax nations are upset that companies, and tax revenues, are escaping to non-EU member Switzerland to benefit from far better tax laws. But rather than fix their own bad tax policies, they stupidly want the Swiss to raise the tax burden on economic activity in Switzerland.
Not surprisingly, as the Neue Zuricher Zeitung reports, Swiss leaders repeatedly have said "no" to it: "The Swiss government has rejected formal negotiations with the European Union in a bid to resolve a controversy over the country's corporate tax system... Finance Minister Hans Rudolf Merz and Foreign Minister Micheline Calmy Rey said on Wednesday that Switzerland would not surrender its sovereignty on tax matters .
The statement came in the wake of a decision earlier this week by EU ministers to open official negotiations with Switzerland....Over the past few weeks several ministers have come out against holding formal negotiations with Brussels in the tax row. Merz said the cabinet and the cantons, which have wide-ranging autonomy in fiscal matters, wanted to ensure that Switzerland remains competitive."
Too bad that the Brussels bureaucrats fail to understand basic economics. Even a cursory look at the Swiss economic record would prompt the logical conclusion that lower taxes mean more business, more jobs and more prosperity.
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