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S U B S C R I B E
Wednesday, 30 May, 2012
Options on the way for Brits to regularize Swiss accounts
The lopsided margin by which senators approved a withholding tax accord with Germany last night was 31 to five. Treaties with Austria and the UK passed by similar margins. And today, MPs in Parliament’s other house, the National Council, are expected to ratify them as well. Under the accords, banks would collect taxes on non-resident foreigners’ accounts, and turn over the money to their tax authorities. They’re billed as a way for clients to regularize previously undeclared money. WRS’s Jordan Davis visited with one specialist advising Britons about what to do with their secret Swiss accounts. And it turns out they have more options for regularizing their money than people think:
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