Secret Swiss Bank Accounts Are A Good Thing

I have thought that Swiss Bank Accounts were a great idea to keep from paying so much taxes. The people who have them are already paying a huge slice of their income in taxes, so why not avoid paying taxes on the interest those bank accounts receive.

This article explains that Swiss privacy laws were strengthened to protect the Jews' money from Hitler and prevent other governments tyrrany by taking all of your money. "Hugo Chavez who has been stealing money from his citizen's" would be a great reason to have a safe haven for your money where the government can't get it or know about it.

I did not know that the US is the biggest tax haven for foreign people since we do not require them to pay taxes on their interest. The US only requires it's citizens to pay taxes on interest. No records are kept on foreigner's interest income, so it would be difficult for the US to comply with other governments' requests for records.

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