The central feature of a tax haven is that its laws and other measures can be used to evade the tax laws and regulations of other jurisdictions. The most popular tax havens are Andorra, Bahamas, Bermuda, Cayman Islands, Guernsey, Isle of Man, Jersey, Liechtenstein, Monaco, Panama, San Marino, Seychelles, Switzerland, and TurksCaicos Islands. Offshore center is a jurisdiction with financial sectors disproportionate to their resident population, such as Luxembourg, Singapore, and New Zealand. According to Arthur Laffer, the low-tax states belong to a different genus entirely. It's like comparing Hong Kong with Greece or King Kong with fleas! Occident must minimize taxes to single digits and abolish sales taxes and VAT. Starve the beast by fighting taxes. Switzerland's decentralized structure shows the value of local government, both as a means of limiting the size of government and as a way of promoting tranquility in a nation with several languages, religions, and ethnic groups. We all admire Switzerland's valiant attempt to preserve financial privacy in a world dominated by greedy, high-tax governments. http://venitism.blogspot.com Atlas upon seeing that the greater his effort, the heavier the world bores down on his shoulders, he simply shrugs. We have a dystopian Occident, where capitalists refuse to be exploited by increasing taxation and regulations and disappear offshore. Yes, capitalists are on strike! They are stopping the motor of the world by withdrawing their minds that drive growth and productivity. Capitalists demonstrate that a world in which the individual is not free to create is doomed, civilization cannot exist where capitalists are slaves of kleptocrats, and the destruction of the profit motive leads to the collapse of society. Atlas shrugged! In a world where citizens' privacy is being diminished daily, the idea of banking with the assurance that your details are private may seem almost quaint, but these laws have deep roots in Switzerland's history as a haven. Many people come to Switzerland seeking refuge for themselves and their money. As a result, the Swiss don't see banking secrecy as something to be ashamed of. They see it as just one form of protection, together with the right to nondisclosure of one's religious beliefs, sexual orientation, or health status. These are rights that anybody coming to Switzerland should enjoy, regardless of what their home government demands. It's the Swiss strong belief that what you do with your legally gained money should be nobody's business but your own. It makes no sense to tax corporations at all, because only people pay taxes, not legal entities. The corporate tax is paid by customers in terms of higher prices, by suppliers in terms of lower volumes of business, by employees in terms of lower wages, and by stockholders in terms of lower returns. Like every other right, banking secrecy can be abused. Many tax evaders from abroad have tried to hide behind numbered Swiss bank accounts. However, criminal activities such as money laundering by terrorists and organized crime, or tax fraud, don't find refuge in Switzerland. All other persons and groups in society, except for acknowledged and sporadic criminals such as thieves and bank robbers, obtain their income voluntarily: either by selling goods and services to the consuming public, or by voluntary gift. Only the State obtains its revenue by coercion, by threatening dire penalties should the income not be forthcoming. That coercion is known as taxation. Taxation is theft, purely and simply, even though it is theft on a grand and colossal scale which no acknowledged criminals could hope to match. It is a compulsory seizure of the property of the State's inhabitants, or subjects. Switzerland in recent years has been a leader in tightening controls on money laundering and has returned large sums of dictators' money to their countries since passing the Duvalier Law, named after the former Haitian leader Jean-Claude Duvalier, to ease the process. There was no permanent income tax in the United States for 125 years. Can anyone possibly say that the government didn't have enough revenue to function during that time? It wasn't until the adoption of the Sixteenth Amendment in 1913 that the redistributionist road was paved for an income tax. And what benefits has the increased government revenue from the income tax given us? It is the income tax that has made possible World War I, the New Deal, World War II, the Great Society, the Vietnam War, and our current welfare-warfare state. Switzerland's status as a haven for tax evaders, meanwhile, has largely been gone since 2009, when the government accepted international standards set out by the Organization for Economic Cooperation and Development, agreeing to eliminate the distinction between tax fraud and evasion for non-Swiss residents. The Swiss government has also signed a series of double-taxation treaties with other countries that provide for information exchange to prevent tax evasion. Surely it's time for other governments to relax their continued assault on the Swiss banking industry and accept that privacy is not a crime. Swiss politicians and diplomats have been blackmailed, and Switzerland is no longer respected as independent and sovereign. Switzerland and its banking industry are being approached every time other countries face a budget shortfall, seeing a perpetual deep and nonresistant pocket in Switzerland. The Principality of Monaco is an independent city-state. Monaco-Ville, the ancient fortified city and Monaco's well-known area Monte Carlo are districts of a continuous urban zone, not distinct cities. Singapore is an island city-state in Southeast Asia. About 5 million people live and work within 700 square kilometres, 270 square miles. Vatican City is a landlocked sovereign city-state whose territory consists of a walled enclave within the city of Rome. http://venitism.blogspot.com

The central feature of a tax haven is that its laws and other measures can be used to evade the tax laws and regulations of other jurisdictions. The most popular tax havens are Andorra, Bahamas, Bermuda, Cayman Islands, Guernsey, Isle of Man, Jersey, Liechtenstein, Monaco, Panama, San Marino, Seychelles, Switzerland, and TurksCaicos Islands. Offshore center is a jurisdiction with financial sectors disproportionate to their resident population, such as Luxembourg, Singapore, and New Zealand.


According to Arthur Laffer, the low-tax states belong to a different genus entirely. It's like comparing Hong Kong with Greece or King Kong with fleas! Occident must minimize taxes to single digits and abolish sales taxes and VAT. Starve the beast by fighting taxes. 

Switzerland's decentralized structure shows the value of local government, both as a means of limiting the size of government and as a way of promoting tranquility in a nation with several languages, religions, and ethnic groups. We all admire Switzerland's valiant attempt to preserve financial privacy in a world dominated by greedy, high-tax governments. http://venitism.blogspot.com

Atlas upon seeing that the greater his effort, the heavier the world bores down on his shoulders, he simply shrugs. We have a dystopian Occident, where capitalists refuse to be exploited by increasing taxation and regulations and disappear offshore. Yes, capitalists are on strike! They are stopping the motor of the world by withdrawing their minds that drive growth and productivity. Capitalists demonstrate that a world in which the individual is not free to create is doomed, civilization cannot exist where capitalists are slaves of kleptocrats, and the destruction of the profit motive leads to the collapse of society. Atlas shrugged!

In a world where citizens' privacy is being diminished daily, the idea of banking with the assurance that your details are private may seem almost quaint, but these laws have deep roots in Switzerland's history as a haven. Many people come to Switzerland seeking refuge for themselves and their money.

As a result, the Swiss don't see banking secrecy as something to be ashamed of. They see it as just one form of protection, together with the right to nondisclosure of one's religious beliefs, sexual orientation, or health status. These are rights that anybody coming to Switzerland should enjoy, regardless of what their home government demands. It's the Swiss strong belief that what you do with your legally gained money should be nobody's business but your own. 

It makes no sense to tax corporations at all, because only people pay taxes, not legal entities. The corporate tax is paid by customers in terms of higher prices, by suppliers in terms of lower volumes of business, by employees in terms of lower wages, and by stockholders in terms of lower returns.

Like every other right, banking secrecy can be abused. Many tax evaders from abroad have tried to hide behind numbered Swiss bank accounts. However, criminal activities such as money laundering by terrorists and organized crime, or tax fraud, don't find refuge in Switzerland.

All other persons and groups in society, except for acknowledged and sporadic
criminals such as thieves and bank robbers, obtain their income voluntarily:
either by selling goods and services to the consuming public, or by voluntary
gift. Only the State obtains its revenue by coercion, by threatening dire
penalties should the income not be forthcoming. That coercion is known as
taxation. Taxation is theft, purely and simply, even though it is theft on a
grand and colossal scale which no acknowledged criminals could hope to match. It
is a compulsory seizure of the property of the State's inhabitants, or subjects. 

Switzerland in recent years has been a leader in tightening controls on money laundering and has returned large sums of dictators' money to their countries since passing the Duvalier Law, named after the former Haitian leader Jean-Claude Duvalier, to ease the process.

There was no permanent income tax in the United States for 125 years. Can anyone
possibly say that the government didn't have enough revenue to function during
that time? It wasn't until the adoption of the Sixteenth Amendment in 1913 that
the redistributionist road was paved for an income tax. And what benefits has
the increased government revenue from the income tax given us? It is the income
tax that has made possible World War I, the New Deal, World War II, the Great
Society, the Vietnam War, and our current welfare-warfare state. 

Switzerland's status as a haven for tax evaders, meanwhile, has largely been gone since 2009, when the government accepted international standards set out by the Organization for Economic Cooperation and Development, agreeing to eliminate the distinction between tax fraud and evasion for non-Swiss residents. 

The Swiss government has also signed a series of double-taxation treaties with other countries that provide for information exchange to prevent tax evasion. Surely it's time for other governments to relax their continued assault on the Swiss banking industry and accept that privacy is not a crime. 

Swiss politicians and diplomats have been blackmailed, and Switzerland is no longer respected as independent and sovereign. Switzerland and its banking industry are being approached every time other countries face a budget shortfall, seeing a perpetual deep and nonresistant pocket in Switzerland. 

The Principality of Monaco is an independent city-state. Monaco-Ville, the ancient fortified city and Monaco's well-known area Monte Carlo are districts of a continuous urban zone, not distinct cities. Singapore is an island city-state in Southeast Asia. About 5 million people live and work within 700 square kilometres, 270 square miles. Vatican City is a landlocked sovereign city-state whose territory consists of a walled enclave within the city of Rome. http://venitism.blogspot.com