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Tax Competition: Swiss Update May 6, 2009

Posted by federalist in Taxation.
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I’m a huge fan of tax competition.  Bloomberg reports that the combination of increasing British income taxes (a 50% marginal rate was promised last month) and EU efforts to increase the regulatory burden on alternative investment funds are driving fund managers from London to Switzerland.  There:

Personal taxes for wealthy foreigners can frequently be negotiated with the local authorities in Switzerland, depending on the canton … and may be based on projected expenditures, not income….

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Comments»

1. federalist - May 14, 2009
2. federalist - September 12, 2009

A followup on this story suggests even high taxes aren’t always enough to get people to move.

3. federalist - February 7, 2010

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