Telling Swiss secrets: 222 billionaires
globalpost.com
2 threads
The link misses part 1. Start here: http://www.globalpost.com/dispatch/europe/100724/swiss-banki...
So they are making at least a few million dollars per year in just interest on their assets, yet still dodging taxes that sustain the country that helped make them so wealthy.
I think it must all just be a big game to them at that level.
Did they avoid paying taxes on the original principal? Seems like they paid taxes and then decided to move that capital to another country to put to use. I don't see the problem.
The United States is no longer aiding in increasing the value of that chunk of money, protecting it, or using it, so why should they have a claim to gains generated from it?