
“France has made highly publicized efforts in recent months to crack down on tax evaders including French nationals who inherit from wealthy Swiss residents. However, some say the move will simply persuade French to up sticks and take their wealth with them. The change still needs to be ratified by both the Swiss and French parliaments and which is not set to take effect until 2015 at the earliest. But when it does it will dramatically increase the tax burden on French heirs of estates in Switzerland, which caps its inheritance tax at 7.0 percent, compared to 45 percent in neighbouring France.”
http://www.thelocal.ch/20130730/paris-tax-hunt-sends-french-to-switzerland
Related posts:
Dave Gold dies at 80; entrepreneur behind 99 Cents Only chain
Chicago cop whose home was raided is awarded $565,000 in damages
China to offer tax breaks to foreign companies after GOP tax bill
Brexit: David Cameron to quit after UK voters choose to leave EU
Unlocked iPhones Are Hard Currency in Brazil, Italy, Other Countries
FDA Tells Google-Backed 23andMe to Halt DNA Test Service
Obama on prosecuting Edward Snowden: I will leave it up to the Department of Justice
Researchers bypass protections in Microsoft anti-exploitation tool
Shootings by Philly police soar as violent crime plummets
With Montana’s Lead, States May Demand Warrants for Cellphone Data
Swiss government unveils new plan to end US tax dispute, bypassing parliament
Bitcoins accepted at Birmingham, AL grocery store
Federal judge strikes down Missouri's Obamacare birth control coverage exemption
Moscow to suspend American GPS sites on Russian territory from June
US announces 'expeditionary force' to target Isis in Iraq and Syria