Tax Competition: Swiss Update May 6, 2009Posted by federalist in Taxation.
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….