Switzerland is a tax haven for some categories of residents
and some types of companies. For the Swiss themselves, it is not a real tax haven, though
we would have a long way to go to reach the extortionate rates of taxation imposed in
Scandinavia.
Personal Taxation
Switzerland is one of the world's best tax havens for people who can live
off their wealth without working in Switzerland, whether their income is generated from
rents, stocks, bonds or investments. These people are usually made very welcome in
Switzerland, and the only tax they pay is a fixed lump sum proportional to the
rents they pay in Switzerland. Many sport stars, actors and industrialists have used this
excellent option which allows them to live in a real tax haven in the center of Europe,
with every service they could ever want in a very safe and secure environment. What
Caribbean island can beat that?
Company Taxation
Ordinary Swiss companies pay taxes at varying rates, depending on certain
factors. However, Swiss company tax is not zero and thus Switzerland is not a Banana
republic tax haven. But in some cases, Swiss companies can pay very low taxes, about
9% of their income (profit), all inclusive. This is true for holding companies and domiciliary
companies which have interests only outside Switzerland and are incorporated in
favourable cantons.
Click here to find out more about company taxation.
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