For decades, Switzerland was a haven for those who were avoiding taxes all over the world. Now, it is a country that is embracing transparency.
According to a report in Reuters, the country is voluntarily sharing client information with taxing authrities. The report claims they are doing this with dozens of countries.
It is obvious the international pressure levied against the Nordic country worked.
Switerzerland is no longer a tax haven.
To read full article, click on image.
Well that's new! I think it would be better that way since there were lots of well known personalities or businessmen in the past who tend to hide all their assets through Swiss banks. Thus, making them pay their taxes less.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You got a 49.46% upvote from @brupvoter courtesy of @steemium!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Will this make privacy cryptos like Monero the Swiss bank account of the future?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You got a 28.67% upvote from @postpromoter courtesy of @steemium!
Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support the development of @postpromoter and the bot tracker please vote for @yabapmatt for witness!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations, your post received 76.47% up vote form @spydo courtesy of @steemium! I hope, my gratitude will help you getting more visibility.
You can also earn by making delegation. Click here to delegate to @spydo and earn 95% daily reward payout! Follow this link to know more about delegation benefits.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You got a 65.00% upvote from @oceanwhale courtesy of @steemium! Earn 100% earning payout by delegating SP to @oceanwhale. Visit www.OceanWhaleBot.com for details!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You got a 76.08% upvote from @upmewhale courtesy of @steemium!
Earn 100% earning payout by delegating SP to @upmewhale. Visit http://www.upmewhale.com for details!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I don't know if "voluntarily" really applies in this case.
The automatic exchange of tax information AEOI is an international standard that governs how tax authorities in the participating countries exchange data relating to the bank and safekeeping accounts of taxpayers. The goal is to make tax evasion impossible. The member countries of the G20, the OECD and other important financial centres, which total over 100 jurisdictions, have committed to implementing AEOI.
Counties that do not comply will end up on sanction lists of the OECD. This limits the nature of voluntary...
But I agree, it's a good thing after all...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Not necessarily, taxes are voluntarily, but if you take advantage of the benefits from them you have to bear the burden of the benefit. Voluntarily means you have a choice, if you want to be part of a club you must abide by their rules, and it's your choice if you join or not.
Posted using Partiko Android
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You got a 67.43% upvote from @emperorofnaps courtesy of @steemium!
Want to promote your posts too? Send 0.05+ SBD or STEEM to @emperorofnaps to receive a share of a full upvote every 2.4 hours...Then go relax and take a nap!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You got a 94.68% upvote from @joeparys! Thank you for your support of our services. To continue your support, please follow and delegate Steem power to @joeparys for daily steem and steem dollar payouts!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This post has received a 87.21% upvote from @lovejuice thanks to @steemium. They love you, so does Aggroed. Please be sure to vote for Witnesses at https://steemit.com/~witnesses.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Re-steemed. Well that sucks for some. Hopefully Protonmail won't go the same route!
-exp
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
perhaps, because large scale syndicates have huge deposits there so they're getting richer anonymously.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I think the idea would be great. It's high time that rich people pay their taxes right. From what I heard there were lots of foreign people who save their money in Swiss banks to keep their finances untraceable or anonymously.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Well considering the amount of money plundered from the African continent and filtered through Switzerland, I'd say it's about time.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit