Full secrecy deposits

Everyone knows. Their reputation is flawless, although throwing a shadow rather risky on them. Everyone wants to be their own. Involvement in them – one of the indicators of stability and well-being. At one time, they saved their country from foreign invasion, although they prefer not to remember this. They are frequent and impartial. They emit confidence and inspire confidence, for guarantee preservation, inviolability and non-disclosure of secrets. They and externally as unshakable as unchanged inside. They are Swiss banks.

Their path to the power began at the end of the XVII century, when counterfeiting was triumphed in Europe. Powerful Protestant cities – States – Zurich, Geneva, Basel and Berne – then amounted to real political and economic armor of the Swiss Confederation. In 1685, the French king Louis XIV canceled the Nante Edict, resizing persecution on Protestants, which were mostly wealthy bourgeois. Thousands of them fled to Switzerland or at least climbed there cash. Since then, the reception, storage, hiding and investing capital, "running" From all over the world, became the basis of Swiss prosperity, and national legislation and ideology were inflamed of the needs of the financial oligarchy.

"Neutral during the Great Revolutions in the States surrounding it, Switzerland enriched in someone else’s misfortune and founded a bank in human disasters", – wrote Chateladus, French writer and politician XIX century. Alas, his words were confirmed by the century later, when a new attack fell to Europe – fascism.

In the 20s of the 20th century, many foreigners, subsequently subjected to persecution by Nazi regime, invested their capital in Swiss banks. On the one hand, the funds were placed on current accounts that were recorded in the reporting of banks as credit operations. On the other hand, they were invested in securities or were provided in the form of gold, jewelry or other valuables stored in safes, which were not indicated in the reporting. In 1931, when the currency exchange was established in Germany, the tax and customs authorities of this country tried to receive information about the German customers of Swiss banks by espionage. In some cases, bank employees reported them the necessary information.

Then some banks took steps to protect their customers from surveillance, and themselves – from the seizure of deposits. For example, the accounts, deposits or bank cells began to be assigned the numbers, which replaced the name of the client. Only a limited number of high-ranking bank employees could establish a link between license number accounts and their owners.

After the conclusion of the Washington Treaty in 1946, the representatives of Switzerland were pledged to find funds in Switzerland victims of the Nazi regime, and provide them with allies for charitable purposes. However, many clients and their legitimate heirs have already died, and those who remained alive were often not allowed to know about themselves. On the other hand, in a large number of foreign investors or their relatives who fled from the country have not survived bank documents. It was proved that some banks hid information from the heirs of their customers, referring to the fact that bank documents are stored no more than 10 years after closing the account.

The stain on the reputation of Swiss banks has become the actual assistance to the Hitler’s regime. The Nazis assigned the gold stock of the occupied countries, in addition to the victims of the concentration camps, the wedding rings were taken, pulled out gold teeth. 75% of stolen gold during World War II was translated into Switzerland in exchange for the only solid currency of that time – Swiss francs, for which Hitler acquired strategic raw materials to continue the war. Banks sold gold allies.

After the war, Swiss diplomats have made incredible efforts to restore the country’s image and return confidence in its banking system. As a result, the proportion of Switzerland in the global offshore financial market (that is, the market for private capital management outside the country of their origin) is 35%; Thus, Switzerland left far behind Luxembourg and "Tax Paradise" Caribbean Islands or Far East. 372 Swiss banks have 32 thousand offices, including abroad; The banking sector supplies 10-13% of the country’s GDP, it employs 6% of the population.

Investment of money in Switzerland Popular for various reasons: Stable country, neutral, reliable, legislation Convenient, taxes from deposits moderate (although interest rates are also small), Maintenance service (banks adhere to personal consultation), and most importantly – the full secret of deposits.

Switzerland is not "Tax paradise" In the full sense of the word, since there are income tax and state tax.

Full secrecy deposits

Receipts from direct income tax, which are also subject to savings in the bank, replenish the treasury of cantons and the whole confederation, so for greater reliability on capital income – interest, dividends – preliminary tax. If the capital belongs to a foreign client and with his country concluded an agreement to avoid double taxation, part of the preliminary tax is reimbursed, but only part: not more than 20-35%.

However, around the world, people who do not want to pay taxes in their own country seek to translate not too honestly acquired income somewhere on paradeplants in Zurich or to Korriev’s Street in Geneva. Why? Yes, because almost all over the world, tax evasion is considered to be a criminal offense, and in Switzerland, a false tax declaration or intentional hiding funds to be taxed is only an administrative offense. Criminally punishable only the manufacture of substrate documents. And in terms of tax evasion, bank secrecy is indestructible. And from this rule of exception is not done. In 1984, the Swiss convened a referendum. The question stood like this: if you think it is advisable to limit the principle of banking secrecy, prescribed in the law from 1934, through which any bank employee who would report data on the identity of the client, including the government of his country would have committed a crime? 73% of the referendum participants spoke against restrictions. True, such a result of people’s will cost you to banks in a penny. We clarify that banks are obliged to establish the identity of their customers when opening an account and inform the Department for the fight against money laundering in case of dubious origin of capital. In addition, the client himself can free the bank from the obligation to keep secret. Finally, the secret of the contribution may be violated by order of law enforcement agencies, in the event of a criminal investigation, and here it is not interested in the client’s opinion.

Open your personal account in the Swiss bank now you can now simply via the Internet, saying only your name and email address. The minimum amount required to be made is 449 euros. The Note of the Future Client is informed that although 99% of applications are satisfied, the Bank may refuse to open an account, and then this money will be returned – minus 40 euros for overhead.

International Organizing University is widely used by Swiss banks for laundering their profits. Justice and the police in this country are under the jurisdiction of the Cantons constituting the Confederation, and of them, in fact, only one Geneva Canton is undertaking real efforts to create barriers to a systematic penetration into the country of Russian mafia, South American cartels and Chinese "Triad". Banks in Switzerland – a sacred cow, along with the army and the church, it is considered about them or well, or nothing. The case was widely known when one journalist who began something to roll something was caused by the relevant instances, after which he recognized his mistakes. However, it was not limited to oral recognition: he was obliged to put the refutation of his article in all the printed publications of the country, which cost him two million francs. This amount he was doomed to pay almost until the end of his life.

On elegant Banheafstrasse, the building of the Zurich Cantonal Bank is worthy of chic stores, and a branch reflects in the Lake Mirror "Credit Suist". Reputation costs money, but what kind of money it brings!

You might also enjoy:

Leave A Comment

Your email address will not be published.