With the final withholding tax, traditional asset management with funds is losing much of its appeal. Insurance shells based on the Luxembourg or Liechtenstein model are likely to gain in importance despite the current heated debates on tax evasion. You don’t have to be a prophet to predict one thing: insurance shell companies will come […]
The fair tax and white west fairy tale in private banking “My son, be fond of business by day, but do only such business that we may sleep soundly by night.” (Thomas Mann’s, Buddenbrooks) Tax fairness: “Inflation is eating away at assets and my retirement savings!” The “perceived inflation” of real everyday expenses […]
Black money abroad and other investment risks “My son, do your business with pleasure during the day, but only do it in such a way that we can sleep peacefully at night”. (Thomas Mann, Buddenbrooks) Tax fairness: “Inflation is eating away at assets and my retirement savings !” The “perceived inflation” of real everyday […]
*by Andreas Niemack (www.interis.ch ), business economist (lic.oec. HSG), financial advisor for foreign assets (Zurich) and Johannes Fiala (www.fiala.de ), business economist (MBA), lawyer (Munich) The Federal Ministry of Finance has made it clear: 62,140 account inquiries have been made since the law to promote tax honesty came into effect, two-thirds of them by police […]
– How employees from credit institutions and insurance companies help to secure their jobs ? – “Cu è surdu, orbu e taci, campa cent’ anni ‘mpaci” “He who is deaf, blind and dumb lives in peace for a hundred years.” – Sicilian proverb In the United States of America there is the US […]
The FLV-jacket as a highly interesting tool for asset structuring and optimization from a tax and inheritance planning perspective The advisor of private wealth clients should know the advantages of investing abroad. Of central importance are discretion, creative flexibility, as well as banking and insurance secrecy. Buzzwords: Income taxes Inheritance Taxes Withholding taxes individual […]
When maybe only 100,000 euros are secured and the rest becomes a restructuring profit for the bank…. The Financial Market Authority cannot prevent the insolvency of credit institutions, securities trading houses or insurance companies. For securities trading companies, the maximum compensation obligation is 90% of up to EUR 20,000. In the past, there was […]
Renowned major banks and savings banks lead inexperienced treasurers and managers of municipal companies into an interest rate trap with billions in losses. This is a brilliant business for credit institutions – an estimated 40% of local authorities are affected. Allegedly exclusive concepts from the bank product department Speculation with foreign exchange […]
– Why some asset protection leads to poverty or prison – It is common practice for credit institutions of all kinds and independent advisors to sell “private financial planning” to their clients. This may well cost a few thousand euros in fees – only for the time being, because the damage done in the […]
It is common practice for credit institutions of all kinds and independent advisors to sell “private financial planning” to their clients. This may well cost a few thousand euros in fees – only for the time being, because the damage done in the process is often up to more than six figures. Bank(st)ers let it […]
