Switzerland's wealthy expats braced for vote on tax break


  • World
  • Thursday, 27 Nov 2014

ZURICH (Reuters) - Many of Switzerland's foreign millionaires will be watching nervously on Sunday as voters decide whether or not to scrap one of the country's biggest tax perks for expatriates.

Switzerland's system of charging foreign residents with no gainful activity in the country a lump sum based on their living expenses, instead of taxing assets or income, has helped make it a popular home for the super rich.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Italy PM Meloni announces candidacy at EU election
Bangladesh reopens schools amid scorching heatwave
Russia threatens West with severe response if its assets are touched
Ukrainian 'Grandpa' leads over-60s unit fighting Russian forces for free
Thai foreign minister resigns, local media report
Burkina Faso says it is investigating northern killings
As tourists move in, Italians are squeezed out on holiday island of Capri
Supercars linked to 1MDB seized in Germany
Russia says it destroyed 17 drones launched by Ukraine
Pope Francis visits Venice, says his work isn't easy

Others Also Read