Tax Directive Benefits Luxembourg, Hurts Switzerland

The European Union's Savings Tax Directive is being side-stepped by high net worth investors who are taking money out of Swiss accounts and putting it into Luxembourg Sicav II bonds, which are outside....

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By: Stephen Harris
October 27, 2005
The European Union's Savings Tax Directive is being side-stepped by high net worth investors who are taking money out of Swiss accounts and putting it into Luxembourg Sicav II bonds, which are outside....