Quote:
Originally posted by Monk@Jan 8 2004, 04:35 AM
Anybody have any experience with, or know anything about, Swiss bank accounts?
Is Swiss system still the gold standard for asset protection?
What kind of rules do you have to follow?
What kind of fees?
Any kind of taxation by Swiss on interest, etc.?
Anything else of interest?
...or if you think there is a better country (in terms of asset protection) feel free to offer it up. Caymans?
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No... Switzerland is not the gold standard of anything. They have all sorts of new agreements with the IRS and US Government
there is nothing magic about any jurisdiction anywhere. IRS can get your bank info from Swiss authorities just as easily as they can get your account info from your local bank.
talk to a good tax planning attorney before you do something highly illegal that can't be undone.