SWITZERLAND TAX ADVANTAGES
In Switzerland each Canton has its own tax system. Federal income tax is 11,5%. Cantons with minimal tax are Zug, Obwalden and Schwyz. Wealthy foreigners not gainfully active in Switzerland can apply fot the lump-sum taxation regime. These taxes are based on the expenditure of the applicant. This fiscal deal has also the advantage of not requiring to declare foreign income and assets. Inheritance tax is zero or low depending on Canton.
SWITZERLAND LIFESTYLE ADVANTAGES
- High standard of living
- Private banking and wealth management
- Privacy laws