Jackie
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It's a neutral country, and large sums do don have to pay taxes and even if the money came from illegal ways there's no way to "confiscate" the money. (Well it can be done, but it's a hassle) |
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♫Pavic♫
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protection and total confidentiality |
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MikeInRI
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We it use to be that Swiss banks would hide from the US and other country who had money in their banks so any money and interest (for an American) could be protected there from the prying eyes of the IRS. It was also possible to hide illegal moneys that you had and even the Nazis used the Swiss banking system to legitimize fund they had taken from their victimes. Most of these protections do not exist anymore. |
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Dr Z
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It protects their money from either other people or the US Government. The Swiss are very secretive and neutral |
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P-rent
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Because it is so cool to say, "Hang on, I need to wire some money in from my Swiss bank account." |
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guy_from_there
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The Financial and banking laws in Switzerland are so secure and restricted. No government can reach your funds there.. even the local government itself.. so say you are a thief and wanted to put some money away.. and be sure nobody will touch it.. this is the place.
Also, Switzerland is the most safe and stable country in the world.. this is another important factor.. you won't be worried about civil war, outside war, interruptions or Terrorists ( at least yet) and this is because of their neutral position from most of the political problems.. which means you know your money is in safe place.. |
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UNIVERSAL
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NUMBERED ACCOUNTS NO NAMES VERY EASY TO HIDE MONEY. THE SWISS ANSWER TO NO ONE. |
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A blank!
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2 hide it. |
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QB
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It protects there money from U.S. probes. For instance lets say that you are married to a millionaire. Then a month later you guys are getting divorced. You want to take him for half of what he has, but he has no money in the U.S. banking system and so you cannot touch the money. Thats a very simple example of how it works anyways. |
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kaindragon
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lack of taxs |
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volksbank
 |
They've got good chocolate.
And chocolate is good for you.
The money is just an excuse. They go there and fill their tummys
with chocolate and afterwards they come and brag around with their
big shot swiss accounts. |
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buddyvinz
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all da money is UNACCOUNTED MONEY in swiss bank its very safe. u wont get interest for ur money. its fool proof banking.only person who put money can n wil b knowin bout it, it will die with him. |
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dwh12345
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They hide it from our government..No taxes |
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sunshine1
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Taxes.. taxes.. no one knows who has a bank account in Switzerland, they are big on privacy. |
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mageta8
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Because it is completely safe there. NO ONE can touch it but you and NO ONE will ever find out it is there. It's good if you want to do something illegal, lol. |
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isakssonrichard
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Because they are hiding it. Criminals are doing that. It´s very hard to track Swiss bank accounts. |
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Crwys H
 |
Because they like cheese |
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fjrnj
|
Banks in Switzerland allow Numbered accounts. What that means is you can open an account that is numbered only no cross reference with any name or other identifying information. Basically they are used by people to hide money from Governments, etc. |
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"Ju%stin"
|
no taxes big and privacy,and switzerland is an neutral contury |
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Tom H
 |
Control, the IRS can seize your bank account in the US or its possessions but since Switzerland is not a possession they cant touch it. |
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JORPEE
|
They watch movie too much they thought Swiss Banks seriously hold their depositor's accounts confidential. It is better to hide your money in Cayman Island. |
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Justsyd
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It protects their money. |
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coril
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Offshore banking o.O |
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hugh.G.rection
 |
Lol, it's more a term than an actual bank account in Switzerland. Although Switzerland is the most popular country offering it, many countries will offer bank accounts to clients with "No questions asked" and they don't report the dollar amount to the United States. The US can never look into these accounts, so if you have a demand to keep money hidden, these are the spots to put it. |
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groverraj
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Interest on money is nontaxable in the US... money is hard to trace due to secrecy laws. Helpful in case of litigation and divorces. |
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Lovely78
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in Switzerland, your bank account is protected for the full amount. and Switzerland is usually a neutral country during global conflicts (although they were known German sympathizers during WW2). so you'll always have your money.
in the US, your bank account is protected up to $100K. |
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trafficer21
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The swiss banking system is one of the oldest, trusted, and secretive organization in the world. If you want to put money where nobody speaks of it, it's the place. |
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Sami
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Because they're always a neutral country, so you never have to worry about your country being in a war with them and them keeping your money. |
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