Foreigners pay more to settle in Switzerland
By Haig Simonian in Zurich
Published: April 15 2008 16:48 | Last updated: April 15 2008 16:48
The cost to rich foreigners of tax exile in Switzerland has spiralled after sharply rising demand to reside in the most popular areas.
People directly involved in the negotiations with the tax authorities say that the cost of annual tax deals for wealthy younger foreigners in Geneva has surged from an average of SFr180,000 (£91,000, $179,500) in 2006 to SFr600,000 (£306,000, $601,000) because of a more selective policy by the local authorities and the effect of vibrant demand on stratospheric property prices.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment