The Swiss cantons are jostling to attract key groups of high earning
non-domiciled executives to exploit their dissatisfaction with the UK
government’s planned tax crackdown on well-heeled foreigners.
Switzerland’s government this month convened an expert committee to examine
measures to improve the country’s attractiveness as a financial centre with an
agenda featuring tax changes to boost competitiveness, particularly to win back
hedge fund managers from London, the Financial Times (FT) reports.
Pierre Jaquier, head of
promotion office, told FT his organisation had stepped up marketing
in the UK because of the latest uncertainties.
Jaquier confirmed Geneva, one the most popular areas for rich foreigners and
Switzerland’s heart of private banking, had strengthened its efforts ‘for
specific niches’ such as hedge fund managers.
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
HMRC has won its tenth successive case against tax avoidance schemes promoted by NT Advisors. The Court of Appeal has ruled that NT ... read more
HMRC is continuing to ramp up the number of raids on premises it carries out as part of criminal investigations, searching 761 properties in the last year
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said