Taxes in Switzerland are levied by the Swiss Confederation, the cantons and the municipalities. Switzerland is sometimes considered a tax haven due to its general low rate of taxation, its political stability as well as the various tax exemptions or reductions available to Swiss companies doing business abroad, or foreign persons resident in Switzerland.
Several days ago golfer Phil Michelson had the unmitigated temerity to suggest he might leave California for some nice place with lower taxes. I suggest a chalet in the Swiss Alps. Alas, he was soundly rebuked for his greed and had to apologize.
The four-times major champion hinted after last week’s Humana Challenge he was considering making “drastic changes” because of soaring federal and state tax rates but has since said he should have kept his thoughts to himself.
Meanwhile, Tina Turner has applied for Swiss citizenship.
The American rock diva has lived in the Zurich suburb of Kuesnacht since the mid-1990s. The local Zuerichsee-Zeitung newspaper said on its website the local council announced its decision to grant the 73-year-old Turner citizenship in an official notice published in Friday’s edition.
Doesn’t she realize the timing of this is all wrong? She’ll be excoriated in the press! And the Swiss. What is wrong with them? She can’t even hit a backhanded bunker shot.