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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (83676)	11/26/2011 1:30:33 PM
From: elmatador	Respond to of 218074

Government buys troubled assets. The more the government buys troubled assets the more it owes. The more it owes. The bigger the risk. The more it must pay to get foreign entities to lend them money. To pay governments must: Tax its people Or generate growth. Or Default on it. Or inflate the debt. It was an exageration for me to say they'd not be in debt. I was trying to convey the idea that debt as % of GDP would not be so high.

To: Haim R. Branisteanu who wrote (83676)	11/27/2011 4:47:08 AM
From: TobagoJack	Read Replies (2) \| Respond to of 218074

Just read from less stuffed in-tray On 26 Nov, 2011, at 5:43 PM, HM wrote: the whole thing will start in 2013: first a one-off tax on all offshore assets of 19-34% (depending on how long they have been undisclosed). then 26% withholding tax on all dividends, interest and capital gains. http://www.pwc.ch/de/dyn_output.html?content.cdid=27158&content.vcname=newsletter_seite&collectionpageid=558&backLink=http%3A%2F%2Fwww.pwc.ch%2Fde%2Fpublikationen%2Fnewsletter%2Fbreakingtaxnews.html i suppose the german account holders will act before that date. i guess the big money will move to singapore branches of swiss banks (and maybe still manage the whole thing from zürich). the retail customers might move to austria. From: M Sent: Saturday, November 26, 2011 3:58 AM Subject: Comments - Week of November 28 Anyone notice this? Is this new? It would seem to me that many Germans would be taking a trip to Singapore now.... Or are the Germans running it through Cayman Companies to disguise their underlying domicile? M Oct 24 (Reuters) - Swiss officials met with their Greek counterparts on Thursday for initial talks about taxing money stashed away by wealthy Greeks in secret Alpine accounts. Greece is eyeing a tax deal similar to the ones Switzerland has clinched recently with Germany and Britain to help plug the yawning hole in its finances that threatens the euro zone. Strict secrecy has helped Switzerland build up a $2 trillion offshore financial sector, but in recent years the country has faced an international campaign against tax evasion as cash-strapped governments seek to boost revenue. Michael Ambuehl, who heads Switzerland's State Secretariat for International Financial Matters (SIF) met with his Greek counterpart Ilias Plaskovitis in Berne, the SIF said. "The aim is to regularise the assets held by Greek taxpayers in Swiss bank accounts in the past as well as to introduce a tax at source on future investment income,' the SIF said. "Switzerland would forward the tax revenue to the Greek authorities on an anonymous basis." The two government will decide in coming weeks on formally starting negotiations, the SIF also said. Berne has struck deals with Berlin and London in recent months to regularise offshore assets of Germans and Britons via a withholding tax that allows banking secrecy to be preserved.