Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: i-node who wrote (651491)	4/15/2012 3:19:55 AM
From: Taro	1 Recommendation Read Replies (1) of 1579916

I believe it is correct, that you pay 35% tax on interest on your cash savings in Switzerland - if you get any! In real life you don't, the rate is zero and has been that for years. How do i know that? Because I have my own Swiss account in Geneva and have had that for more than 35 years now, nothing criminal about that either. In theory you also pay 35% taxes on dividends from any stock you hold there, I guess. But then again you must take into consideration the Swiss withholding rules, which in case of an agreement etc etc can be deducted against you US taxes on same. Now, how about the capital gain taxes? As far as I know, your normal US rules apply. I just wonder how long the myth about the criminality of having an account in Switzerland can be supported by the liberals and their media. No later than when those agreements between the US and Switzerland have been signed, that media BS is but one big lie. Now, when have the liberal media ever admitted to be full of lies? Well, that is quite another story. /Taro

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