Milk Cartonz
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Since these bank accounts are overseas, you dont have to report any profits on your taxes because it is not American currency, in addition, it is a good way to hide because it is overseas, what it all boils down to is it is very secret, check this link out on Wikipedia
http://en.wikipedia.org/wiki/Swiss_bank_accounts |
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W3rd man
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Swiss banks are very secure I blieve. If you put your money there. You will not lose it.
PS as a side note, if you do invest their and do lose money, I am in no way liable. |
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The Jackal
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At the very simplest level, Swiss banks account are SUPER secure and virtually untouchable by a government (typically the U.S. who can, under certain circumstances, GO INTO your bank account to retrieve funds that are due to them.) |
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LadyBug
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Its a bank account that is not linked to anyperson or any other bank. you are identified by a number and a pass code. Lets say you die and you never gave anyone your id and pass. that money would be forever lost and it's like it never was there. I am not sure how many people really use these things but its the best way to hide money from the government. |
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PurplePalooza
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I really don't know... but I gave you a star cause I like this question. I'd like to know too ♥♥♥ Thanks for asking!! ...=) |
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binarydataland
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Swiss banks and their accounts are popular in the United States first because they are over-seas, thus making electronic hacking "slightly" more difficult. Second, they have the policy that privacy and non-disclosure is one of the most basic fundamentals in a democracy, which translates into their banking system as well. Their main competitors (as far as privacy, etc) are Singapore, and Panama (Panama is Latin America's largest banking center).
For more info, I would advise you to see the Wikipedia Article on it:
http://en.wikipedia.org/wiki/Banking_in_Switzerland |
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ace.hall
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if swiss bank account are popular, you will surely know what it is by now, right ? |
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brilliantman_i
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professionalism + discretion = winning combination |
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Guy
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the swiss like INVENTED hot chocolate. id keep my money there too. |
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James C
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If you don't know what it is don't worry about it. |
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Arunkumar
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i have more information about indian swiss bank a/c hiolders details
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