Originally Posted by
BenSenise
there is no capital gains tax in switzerland. buy stock for $1, sell it for $1,000,000 and you don't pay a penny for that.
there is however a tax on your total wealth but it is very small.
if you're wealthy/famous enough, you can negotiate a flat rate on your income tax. This is what people like Michael Schumacher and Phil Collins and many other celebrities do who are worth hundreds of millions.
I thought in this country if you were a company with a large tax bill you just did a deal possibly involving lunch or dinner with someone at the top of HMRC and your bill was reduced.
http://www.guardian.co.uk/commentisf...dance-industry
Originally Posted by
BenSenise
In contrast to most countries, tax is determined at the local level and varies from town to town so you can literally shop around. federal tax is a very small portion of your overall income tax.
However the property laws are another matter for foreigners aren't they?