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Higher tax for foreigners in Switzerland
Tuesday, 06 March 2012
You
are a very wealthy person living in the UK or in Sweden or you are
working in the financial sector and the government decides increase
taxes on wealth in those sectors. You get annoyed and decide that you
want to move to a low tax country with a very high quality of life and
Switzerland comes into the fore.
You
move there and start living your tax-free boring life. Then the
government in Switzerland decides that there will be higher taxes for
foreigners. True? Oh yeah!
Switzerland
has taken a step towards higher taxes for wealthy foreigners living in
the country. On Tuesday, the lower house approved a proposal to raise
taxes, which will now be presented to the higher House.
The
socialists expected to block the proposal, as they want, the more
favourable tax treatment for foreigners to be scrapped altogether. The
tax system in Switzerland has led many of the worlds’ richest to settle
there, such as Swedish Ingvar Kamprad and formula one motor star
Michael Schumacher.
You are still welcome to Switzerland though
By Scancomark.se Team
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