Switzerland’s allure for the wealthy and lump-sum taxation: Understanding its attraction and potential benefits
Switzerland's allure for the wealthy is largely attributed to a policy known as lump-sum taxation. This distinctive approach assesses income and wealth to determine the tax liability in a unique manner. It is available to foreign nationals who establish their tax residence in Switzerland and meet specific criteria. What does lump-sum taxation entail and how is it implemented? In Switzerland, individual residents are generally taxed on their worldwide income and wealth. Reflecting the country's federal organization, taxes are imposed at...
