Quote:
Originally Posted by atlcomedy
Sure the US can tax US Citizen Personal Income, but that is small potatoes for a large corp avoiding Corporate Income Tax (just for Doove I'll bold both  )
The Swiss love this and appreciate that a small % of a big number is better than a large % of a small number |
I do understand the difference between personal income tax and corporate tax, what i didn`t know was that there would be so much difference between the USA tax and the swiss one. I work in switzerland and taxes, well, they are not as small as one would think. But that of course is only for ordinary people like me , i assume. But i am sure swiss know sneaky ways around to make US-companies feel more comfortable abroad then in their own country. The austrians and germans have been far too stupid for that :-).
In Austria companies who would have been profitable have not been able to get a license due to minor issues with paperwork and credentials, and put up their company in London and employed themselves in Austria, which made Austria miss ALL the taxes. Now they have become smarter. This is largely due to an old law requirement for handcraft - jobs.
The swiss are incredibly sneaky when it comes to money. I have to say. It is not possible for a foreigner to open up a bank account if you just have a regular amount of money, but if you are willing to invest 100 000 swiss franks and up they give you all the legitimacy. It took me work permission and whatever requirements to make up a legal bank account in switzerland.
I wonder if that is good business or unfair competition?
(note the cynical notions on that :-)) .....)
