Although they pay lower taxes across all income brackets than Americans and other Europeans, many Swiss are increasingly critical of the preferential tax treatment their government extends to wealthy foreigners.
The rise of Asia has been a game changer. Despite short-term volatility, a massive opportunity exists for Australia to engage in business across Asia, but it doesn’t just follow that successfully seizing this prize will happen of its own accord.
“The 99% blame the 1%, the 1% blame the 47%, the private sector blames the public sector, the public sector returns the sentiment.. the young blame the old, everyone blames the rich.. yet few question the ideas behind government or central banks.&am
With our debt soaring, our population aging and our infrastructure crumbling, we stand at a troubling crossroads. And yet politicians sell us low-tax, no-pain fantasies.
In an exclusive interview with The Nation, Kevin Tay, managing director, senior adviser and head of wealth and tax planning, Asia, at Julius Baer, a global private banking institution, explains that family-owned businesses in Asia have started to recognis