Invest Offshore

Tag: EU Tax

  • EU Tax on Offshore Savings Falls Flat

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    by

    Aaron
    in

    Europe’s 14-year struggle to tax its citizens’ offshore savings has flopped, after investors in countries such as Switzerland and Luxembourg exploited loopholes in a controversial savings law. In the first six months of the law’s operation, Switzerland ­ the world’s leading offshore financial centre ­ raised only €100m in withholding taxes on the vast savings…