Money Switzerland Booms as a pottery for millionaires

10:25  27 july  2021
10:25  27 july  2021 Source:   finanzen.net

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The Swiss cabinet is rejecting this initiative, half-heartedly claiming it is an attack on federalism and the cantons’ fiscal sovereignty. Still, the fact that wealthy foreigners tend to move to other cantons for tax reasons serves as the best argument in favour of a nationwide abolition of the lump sum taxation regime. In October she appeared as a guest on the satirical talkshow Giacobbo/Müller, where she actually admitted that “the lump sum taxation regime is not fair”. Hopefully the press in French-speaking Switzerland , which usually pampers the tax-privileged multi- millionaires and oil sheikhs living on the

Switzerland is a natural choice if you like to be dated in style. This is because Switzerland is well known one of the richest countries in the world by per capita gross domestic product. It not only had the highest wealth per adult of any country in the world - with 2,692 for each person – in 2010 1, but also has one of the world's largest account balances as a percentage of GDP. Thus when looking for single millionaires in Switzerland , it would help to keep a eye for bankers, hedge fund managers, insurers, investment advisors and other kinds of finance executives.

for decades have been attracting superreiches from all over the world to Switzerland: banks, discretion, safety and stunning backdrops are some reasons for this. The Corona Pandemic now inspires the Run:

Passagiere genießen die Fahrt auf dem Bodensee. © Gian Ehrenzeller / Keystone / DPA passengers enjoy the ride on Lake Constance.

«The pandemic triggered a newspaper boom for luxury real estate», reports Bank UBS. The highest square foot prices are achieved in the municipality of Cologny at Geneva. There, a single square meter costs as much as in some German communities a whole apartment: surrounded around 33,000 euros.

Corona has reinforced the longing of many after a secure port, believe UBS analysts: "The risk of higher taxes for top earners (is) - unlike many places abroad - thanks to a stable fiscal position manageable." In Switzerland, the debt ratio lies 40 percent of gross domestic product. For comparison: in Germany it is about 70 percent, in other countries, about France, it is even more than 100 percent.

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A millionaire is an individual whose net worth or wealth is equal to or exceeds one million units of currency. Depending on the currency, a certain level of prestige is associated with being a millionaire .

Thousands of rent-controlled tenants in India’s fast-growing financial hub are becoming millionaires as developers tear down crumbling colonial mansions to build luxury towers for the rich, according to Orbit and other companies. Home prices in Mumbai have climbed to a record 10,833 rupees (0) per square foot, doubling in three years, according to Liases Foras Real Estate Rating & Research, based in the city. South Mumbai, including a stretch of prime land hugging the Arabian Sea, has about 500 dilapidated stone structures dating back to the early 1900s with a potential value of about billion if

Many budget with German roots already enjoy the advantages of Switzerland: For example, the entrepreneur Klaus-Michael Kühne from Hamburg from the logistics company Kühne + Nagel. The magazine "balance sheet" leads him to one of the list of richest Germans. It estimates his assets to more than ten billion francs. Or the heirs of the Jacobs family developed with coffee trade in Germany, which lead to a participation company in Zurich. They stand with an estimated assets of almost twelve billion francs in second place.

The Liebherr family of the construction equipment manufacturer belongs to this list as well as the industrial family of Finck, the dairy businessman Theo Müller and the descendants of Franz Ströher, the founder of the Wella hair care company.

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At no time does the article mention the eugenist nature of deliberate population reduction, in connection with the covid plandemic, the coerced and by many accounts poisonous - vaccination campaign, with a non-vaccine, but instead a novel, totally untested mRNA-type "gene therapy" which the US CDC has allowed to be applied as an "emergency measure" in these dire circumstances of a pandemic, that actually lacks all characteristics of a pandemic, but has to be pumped up to make it appear as a pandemic - with literally almost all deaths appearing from whatever causes - even car accidents - can

The bat cave home is a millionaire ’s retreat without all the supervillain stress. Still, it has seen plenty of drama. John Hay, the co-founder of Celestial Seasonings who lives in Colorado, built the home for about a million dollars out of anxiety during the Cold War. Friends from Arkansas brought him to the cave. Since then, the cave home changed hands and shape several times. For a while, Beckham Creek Cave operated as a resort, with rooms for up to ,000 per night. The latest owner defaulted on his loan, transferring the cave to Houston investors. They brought in Zach Lee, a young interior

The Bank Credit Suisse estimates that 2020 almost every sixth inhabitant (14.9 percent) belonged to the millionaire club. Even if that is generously estimated: the total number is likely to be at the millions. Apart from small states like Monaco, no other country in the world comes to such a millionaire density. Even the billionaires are not a very small troupe: 135 have so much money on the high edge, as the magazine "balance sheet" appreciates. Calculated in dollars - a franc is currently equivalent around $ 1.09 or 0.92 euros.

Now new millionaires come into the country. Lawyer Enzo Caputo, who helps foreign customers to live in Switzerland, speaks of 25 percent demand growth. "I have also recorded rain growth from Germany," he says. Other lawyers even talk about up to 40 percent more requests. To verify that can not be, discretion is the top priority.

"I do a kind of cow trade with the canton, I trade contracts about a lump-sum taxation," says Caputo of the German Press Agency. Trained must not declare their wealth at all. The package of residence permit and lump-sum tax was in the Canton Jura according to the sender RTS for a single European agency for the convergent of around 135,000 euros in the year. Even without such deals: Income tax, depending on the canton of around 22 percent, is only half as high as in many other countries.

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Use features like bookmarks, note taking and highlighting while reading Simon Leach's Pottery Handbook: A Comprehensive Guide to Throwing Beautiful, Functional Pots. Overall, I really liked this book as a gift for a family member, but was a bit disappointed to find very little content on hand-building beyond attaching handles. This book would be great for someone who's interest in ceramics lies solely in wheel-thrown work but as a complete pottery handbook I feel like it's missing a lot of other ways to construct pots!

The Leach Pottery was founded in 1920 by Bernard Leach and Shoji Hamada in St Ives, Cornwall, in the United Kingdom. The buildings grew from an old cow / tin-ore shed in the 19th century to a pottery in the 1920s with the addition of a two-storey cottage added on to the lower end of the pottery

The move on super-rich long-term, says Caputo. "First, the assets are accommodated with a Swiss bank with a good asset manager. Then the family comes, then the family head. " According to Analyzes of the Boston Consulting Group, no country in the world is so much fortune of foreigners who do not live in the country: 2.4 trillion dollars (good 2 trillion euros). This is a quarter of all foreign assets, more than Hong Kong and Singapore.

A boom also experience real estate agents: "Especially in the luxury sector, demand has risen since summer 2020," says Franko Giovanoli, who is responsible for the company Ginesta for St. Moritz and the surrounding area, the DPA. "You have torn the high-priced apartments out of your hands." People were looking for secure facilities for their money.

rich Chinese, Indian or Arabs did not play a major role, rather interested parties from Germany, Italy and the United Kingdom. «High priced», these are at Giovanoli estate for double-digit million amounts. Germans are rather in the "middle segment" on the way. Modest apartments, for example with three and a half rooms, give it already available for 1 to 2 million francs (just 900,000 to 1.9 million euros).

Conclusion of the UBS Economist Katharina Hofer: "Anyone looking for global luxury markets for a place with stable institutions and established luxury locations, Switzerland is likely to be increasingly important."

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