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So what happens when if you move back to USA would you still get advantages of 0 percent capital gains? Or would you have to move everything to the USA ?
by j7ake 9y ago
So what happens when if you move back to USA would you still get advantages of 0 percent capital gains? Or would you have to move everything to the USA ?
- s3nnyy 9y agoGood question. I think usually you are taxed where you live. Unless you are a US citizen, then you are taxed also by the US if you earn more than $100k. (As an American, if you open a bank account in Switzerland you have to declare a special form, stating that you will correctly declare taxes to the US etc. I think you even have to fill this form if you hold a green-card or ever worked/paid taxes in your life in the US).
- gilj 9y agoOne of the very first things they ask you when you open a bank account in Switzerland is whether you are from the US. When I was asked this, and I asked them why this was important (I'm not from the US btw.), the person on the other side of the table told me that if I was, she'd have to get her manager.
- s3nnyy 9y agoYeah, all that changed heavily since the bank-secrecy laws were removed in 2013. Some decades ago it was probably really like in Wolf of Wallstreet: https://www.youtube.com/watch?v=ndTbiDQjbiE https://www.youtube.com/watch?v=ndTbiDQjbiE People coming here with suitcases full of money was one thing but a totally other level was that some Swiss bankers really flew over to the US with encrypted laptops "to get new customers".