Recent content by Helioscope

+1 +1! Spot on. He has never gone through the hardship of winning over one single customer over his competitors.

My pleasure.

FYI, an article worth a read: The author Chuck Collins gave away his inheritance at the age of 26 and says: "There are many lost souls among the super-rich." Chuck Collins, 59, heads the Inequality program at the Institute for Policy Studies in Washington. Among other things, he deals with the...

Agree - it was just to mention the first available source I could probe for such information, as an example for "big, rigid, risk-averse". Zürcher Kantonalbank also rapes you with 300 CHF monthly fees and the usual KYC whipping, and yes, small regional banks are much more eager for business and...

@Davis123 @no1d I had a chat today with my Relationship Manager at PostFinance, one of the major retail banking organisations in Switzerland. It is possible to open an account with them if your are a non-Swiss citizen living outside of Switzerland, but they will whip you through their KYC...

Let me break down your question: If you are non-Swiss, you will face CRS issues. If you live in another country, to be honest, I cannot give a definitive answer yet. Let me ask around if that poses any challenges in terms of opening and/or maintaining an account.

Among Europe, income tax ratios (and taxes in general) are rather low, and you can easily stike deals with local fiscal authorities, as there is an open fiscal competition between cantons and even municipalities. Locations like Wollerau or Schindellegi are well-known to easily cater with low...

Agree, in Switzerland you need to declare a) sources of income (which will be taxed at rate x), b) capital assets at home and abroad (which will be taxed at a rate much lower than x, in the range of 0.1%-0.3%) c) "virtual" income on owned and used real estate ("Eigenmietwert"), essentially, the...

I dare asking a dumb question: You consider it a poor scheme because CFC ruins the party, right?

Allow me to politely challenge you on the CFC adoption by Switzerland: https://taxsummaries.pwc.com/Switzerland/Corporate/Group-taxation

Does this apply regardless of the country where OP is tax resident?

Hi all I have seen a few offshore architectures involving Seychelles and Belize, and a spontaneous question popped up in my mind (I guess it's kind of a newbie question, as it is very generic and could be also seen as kind of "is a metric nut wrench better than a imperial nut wrench" question)...

I agree. The new fully liberal Congress & POTUS may overturn for good these rules. On the other hand, POTUS is from Delaware. Does he really want to shoot himself in the foot? There are enough lobbyists with sizeable budgets to nudge him and Congress sufficiently "gently" to not play SJW too...

I am not 100% sure about that... USA consider themselves the center of the world, or just the world, period. They forced FATCA to chase US citizens' wealth, but they don't gain anything by taking the effort of keeping their part of FATCA with other countries by sharing information about non-US...

Hi community! My name is ... Nobody ;) I also have been trying to find sensible solutions around CRS, possibly by means of Trusts, or by means of a legal body that owns onshore accounts and shields names appropriately. I am no American citizen FYI - I guess that may facilitate a few things...