Tax change chassed foreign millionaires from the home of Swiss banking
Foreign millionaires fled Zurich after tax change Two years after scrapping special tax breaks, the region of Zurich has lost nearly half its foreign millionaires. Of the 201 foreign residents who benefited from the tax breaks which the canton scrapped in early 2009, 97 have decamped to more favourable tax regimes, the region’s tax services … Read more