SWISS BANK

[kloofnek]

Having a discussion here about if one won the lottery...oh.. chance would be a fine thing!!!..
one person is saying to avoid tax,which I believe is only on the interest..one could place it in a Swiss bank..
Another person is saying that then you cannot live in the UK.
I am saying there must be some sort of stipulations about placing ones money in such a bank and not paying tax.

Anyone else got anything to say or know about this kind of thing???

[KJN]

http://www.bbc.co.uk/news/business-14649194

Loophole closed last year.

[kloofnek]

Thanks...that certainly changed things hasn`t it!

[KJN]

Sure made a big impact last year. As far as I am aware there is no hiding place now, ( well at least a safe hiding place)

[kloofnek]

As I said,this is only a discussion and your post has certainly made a couple of them swallow their words!!!!
Happy Easter.

[rojash]

Win lottery, become richer than wildest dreams, first thought: how to avoid tax.
What's a word that begins with G and ends with Y that best describes that?

[kloofnek]

D

[kloofnek]

Don`t know ...tell me..

[FredPuli43]

Do you mean Guernsey, rojash?

[d9f1c7]

If you live here it does not matter were your income is earned you pay tax on it.

[HowardKennitby]

The only may to minimise tax is to go and live in a low-tax country.

[HowardKennitby]

^
way