And yes, no offense to some, Switzerland is still considered a tax haven by very wealthy foreigners. A reputation confirmed by the new wave of rich English people who decided to settle there, in order to avoid taxation in Great Britain. Indeed, the tax authorities among the Anglo-Saxons are rather greedy and, when the time to think about inheritance arrives, many people prefer to leave their native land. To give you an idea, the United Kingdom levies inheritance tax of 40% on wealth that exceeds the threshold of 325,000 pounds (a little less than 370,000 francs at the current exchange rate).
The “Tages Anzeiger” interviewed a professional from a British financial consultancy firm. He reported to the German-speaking daily that “requests to leave the United Kingdom have tripled in the past year.” And this figure is expected to increase further, as polls predict that the opposition Labour Party is likely to come to power after the elections on July 4. The tax rules are therefore likely to become even stricter. According to the firm interviewed, no fewer than 9,500 millionaires are expected to leave the United Kingdom for another country with a more attractive tax system. And no one doubts that some of them will choose Switzerland as their destination.
