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Here in India Switzerland is mainly famous for their bank accounts where all the corrupt politicians store their ill gained wealth. Everyone here knows the phr
by dominotw 6y ago
Here in India Switzerland is mainly famous for their bank accounts where all the corrupt politicians store their ill gained wealth. Everyone here knows the phrase "swiss bank".
wondering if 0.3% a good tradeoff for secrecy?
- cranekam 6y ago1) Banking secrecy in Switzerland isn't what it was: https://en.wikipedia.org/wiki/Banking_in_Switzerland#Banking_secrecy https://en.wikipedia.org/wiki/Banking_in_Switzerland#Banking... 2) The Swiss wealth tax is only charged on Swiss tax residents, so corrupt politicians who stash their money there won't be paying it unless they are Swiss resident (which is pretty unlikely).
- dominotw 6y agoAh that explains why "swiss bank" stopped being a synonym for corrupt politician over the last decade or so. It used be, when i was growing up.