Tag

Tax Haven

All articles tagged with #tax haven

finance3 years ago•1 min saved

Norwegian Billionaires Flock to Switzerland for Tax Relief

Dozens of wealthy Norwegians, worth over $4.4 billion, have relocated to Switzerland to escape higher wealth taxes implemented by the Norwegian government. The tax increase, from 0.85% to 1.1%, prompted approximately 65 affluent individuals to move to Switzerland over the course of a year. Switzerland's status as a tax haven and its lower tax rates have made it an attractive destination for wealthy individuals seeking to minimize their tax liabilities.

via Yahoo Finance|

#finance #relocation #switzerland

economics3 years ago•1 min saved

Wealthy Norwegians Flock to Switzerland to Dodge High Taxes

Wealthy Norwegians are relocating to Switzerland to escape high wealth taxes imposed by the Norwegian government. Around 65 individuals, worth over $4.4 billion, have moved to Switzerland in the past year. The tax increase, from 0.85% to 1.1%, prompted this exodus. Switzerland's reputation as a tax haven and its lower tax rates make it an attractive destination for affluent individuals seeking to minimize their tax burdens.

via Business Insider|

#economics #norway #relocation

politics3 years ago•10 min saved

Harlan Crow's Citizenship Purchase Raises Questions About Ties to GOP and Supreme Court Justice Thomas.

Billionaire GOP donor Harlan Crow, who paid for luxury travel on his private jet and yacht for Supreme Court Justice Clarence Thomas, was a dual citizen of the US and the island nation of St. Kitts and Nevis as recently as last year, according to recently unearthed documents. Crow and his family were granted passports for St. Kitts and Nevis, a tax haven known for impenetrable financial secrecy, through a cash-for-citizenship scheme. The revelation of Crow’s history as a dual citizen of a nation considered to be one of the world’s most secretive tax havens raises new questions about the lavish, undisclosed gifts to Supreme Court Justice Clarence Thomas.

via The Intercept|

#clarence-thomas #dual-citizenship #harlan-crow