Just in case anyone is feeling smug about Germany’s problem with Liechtenstein, remember this: the UK operates a ring fence so that it is a tax haven, just as Liechtenstein does. We call it the domicile rule. And it is as unacceptable as the rule that makes the Liechtenstein foundation tax free in that country.
KPMG have issued a report saying: Cyprus, Ireland, and Switzerland are the top three countries in a league table of European tax systems, compiled by KPMG International, in which major business organizations across Europe assessed the attractiveness of their domestic tax regimes. This was based on: more than 400 interviews of tax professionals in multinational
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Swissinfo has reported: The 300 wealthiest people in Switzerland have assets totalling a record SFr625 billion ($571 billion) – over a quarter of the country’s gross domestic product (GDP). It’s true that the rich just get richer in tax havens. But it’s also true that three things follow: 1) Local people do get poorer. They
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