St Moritz ? Is that a joke ? You've never been in Verbier on a 12/31 ! Otherwise Switzerland is definitely boring....but who cares : London, Paris and Milan are 1h flight away from Geneva and the flight ticket is 80$...
Found this last night while looking for Liquidity, etc. I think he did some work in modeling the Swiss Stock Market. http://www.unisg.ch/www/edis.nsf/wwwDisplayIdentifier/2899/$FILE/dis2899.pdf
yeah, Switzerland is the best. I spent 4 years in Lausanne and Geneva...beautiful...but a little boring too
you guys make it sound so boring, is it worse than Luxemburg or Belgium ? science trader, I used that calculator before but I don't understand the deductions that are made for insurance. Health insurance is compulsory but on the basis of an income of CHF 50K in Geneva, the calculator comes up with a CHF 12000 insurance deduction. Insurance can't possibly cost CHF 12,000 ?! Do you mean it works like this: in the Geneva canton, cantonal tax is 147,5 % of the federal rate , communal tax 45.5%of the federal rate. Federal rate is topped at 11% . So your tax bracket can go up to 32% . Then you have to add about 9% social security taxes right (for self employed)? That starts to add up . Any other tax worth mentioning ? Is church tax a property tax? Valais looks good, cantonal tax 1.0, (no communal tax , no church tax ?) Do the Geneva or Valais cantons treat capital gains as I understand the canton of Bern does? i.e no taxation if account is under CHF 200000 or trades are deemed to be normal management of personal assets?
Health insurance is a pure private system in Switzerland. You pay the amount your insurance wants you to pay. But it is more or less always the same in a given canton. You might count something like 300 CHF/month/person (children are around 70CHF/month), whatever your revenue is. Deductions are mostly : - Private pension scheme (maximum 6800 CHF/year) - Health insurance payments (around 4500 CHF/year) - Car and food expenses for your work (maximum should be around 15CHF/day) - Payment to charity (over 500CHF or 20% of your revenues) - Medical expenses But it's highly dependent on the canton, except the private pension scheme. Ca you give me the link to this calculator to let me help you a little better. For 50k CHF/year, as a single, you'll have to pay around 10k CHF in taxes. 100k should give something like 25k in taxes. By the way, in Switzerland, you don't pay capital gain taxes on private wealth.
I used the calculator on the link you provided: http://www.estv.admin.ch/data/sd/e/index.htm same calculator, different site: http://www.taxation.ch/engl/index.html both are for employed individuals, self employed pay less social security I think.
Maybe somebody can help me. I travel to Zurich at least once a year. I have family in Neuchatel. My net worth is over $5M USD ($4M cash). I would like to spend more time in Europe (beyond 6 months/year). Would it be worth my while (from a tax perspective, and lifestyle) to pursue a certain type of CH visa or look at another country.