Wealth and Asset Management
Pictet Says Tax Declaration Rules Threaten Profit
Nicolas Pictet, a managing partner at Pictet & Cie., said it would be “very difficult to still earn money” should Swiss banks have to verify their customers are tax-compliant through a signed declaration, HandelsZeitung reported. Such a system would create “endless bureaucracy,” the Swiss newspaper cited Pictet as saying in…
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Click here to read the full story: Bloomberg