Eur Wedge On De Edge

Open_Window · August 18, 2011, 12:38pm

We haven’t been sovereign since 2008 officially in my book, much longer in my follow up book…

The_Unwelcome_Guest · August 18, 2011, 3:19pm

Sovereignty never existed in mine…

Open_Window · August 18, 2011, 10:02pm

Do you exist in yours?

The_Unwelcome_Guest · August 19, 2011, 1:59pm

Of course not.

What narrator does?

ps200306 · August 19, 2011, 11:37pm

Galileo, Allah, and Boccaccio, to name three.

What_Goes_Up · August 20, 2011, 2:18pm

As inspired by “discostu”:
viewtopic.php?p=531159#p531159

discostu · August 20, 2011, 3:23pm

Copyright that straight away WGU and contact this crowd straight away
hairybaby.ie/

I’m serious work of genius we’re rich I tells ya rich

ps200306 · August 21, 2011, 12:08am

Looks like a Kerry version of the cover of “Sergeant Pepper” … with the bauld Jackie as lead singer of “The Baytles”.

discostu · August 24, 2011, 9:24pm

Just heard this on the BBC news

U.K. Signs Treaty With Switzerland Over Undeclared Accounts

The U.K. has signed a treaty with Switzerland allowing it to hit previously undeclared British deposits in Swiss accounts with a levy of up to 39%, in another blow to Switzerland’s position as a safe haven for the world’s tax dodgers.

Britain’s agreement follows a similar deal the Swiss struck with Germany and comes amid continued tax-evasion probes in the U.S. on Swiss banks.

The U.K. deal, whose initial levy the Treasury estimates could bring in as much as £5 billion ($8.25 billion), is another step in Switzerland’s attempts to move past two years of international pressure to stop sheltering other countries’ tax dodgers. That pressure began, in part, as countries looked to increase their tax takes amid economic slowdown, and in countries like Britain, as the public blamed bankers and banks for the recession.

“Tax evasion is wrong at the best of times, but in economic circumstances like this it means that hard-pressed law-abiding tax payers are forced to pay even more,” Treasury chief George Osborne said in a statement.

The U.K. Treasury estimates that it lost £14 billion through avoidance and evasion in 2008. Britain has announced a series of moves to clamp down on tax avoidance and recently came to an agreement with Lichtenstein on taxing U.K. funds in the principality.

In its agreement with Switzerland, Britain will charge a one-levy of between 19% and 34% on the entire value of accounts held in Switzerland by U.K. tax payers. From 2013 there will a new tax of 48% on investment income from these accounts and 27% on capital gains, two percentage points less than they would pay if in a British-based account.

Swiss banks will make a down payment of 500 million francs ($631 million) in 2013 ahead of collecting the rest of the funds for the U.K. levy. The agreement will be accompanied by a new information sharing provision which will make it easier for HM Revenue and Customs to find out about Swiss accounts held by U.K. tax payers. Still, account holders will still not be subject to all of the same disclosures that U.K. tax payers are at home, in a measure that part preserves Switzerland’s reputation for banking secrecy.

lots more in the actual link
online.wsj.com/article/SB1000142 … lenews_wsj

Kate_P · August 24, 2011, 9:31pm

That whirring sound is of the Harold Robbins of the world spinning in their graves.

McQueen · August 25, 2011, 12:14pm

Makes Switzerland even less of a safe-haven for UK non-doms

Ie… Legally if you are non-domiciled in the UK, you do not have to declare or pay tax on income earned abroad that is not remitted back to the UK
But, now if it sits in a Swiss a/c then try getting the 48% tax deducted at source back off the UK Govt!!!
You are better off having your offshore a/c in Germany or France

yoganmahew · August 25, 2011, 7:13pm

If you are genuinely offshore then you should be able to claim this back from the Inland Revenue once you prove it is not ‘hot’, no?

DozyHound · September 1, 2011, 8:42pm

I’m no expert… hence my next question… for the purposes of trying to protect ones wedge, what’s the difference between opening a Swiss franc account with UBS in Dublin (ubs.com/1/e/ubs_ch/private/accounts/current.html) and flying to Switzerland and opening an account over there?..

…apart from the flights and going to a different country…

Terra_Incognita · September 1, 2011, 9:14pm

I’m no expert either, I flew there and opened the account see some of my earlier posts. I think you can do it by post but it takes longer. You need to keep the total value of 50K Swiss Franks in any currency in the account to have it charges free. Other wise it costs about 15 euro per month to maintain the account.

It was quicker to open it and not too expensive to fly there. Zurich is a lovely city why not treat your partner to a weekend away.

DozyHound · September 2, 2011, 6:50pm

Terra Incognita:

DozyHound:

I’m no expert… hence my next question… for the purposes of trying to protect ones wedge, what’s the difference between opening a Swiss franc account with UBS in Dublin (ubs.com/1/e/ubs_ch/private/accounts/current.html

) and flying to Switzerland and opening an account over there?..

…apart from the flights and going to a different country…

I’m no expert either, I flew there and opened the account see some of my earlier posts. I think you can do it by post but it takes longer. You need to keep the total value of 50K Swiss Franks in any currency in the account to have it charges free. Other wise it costs about 15 euro per month to maintain the account.

It was quicker to open it and not too expensive to fly there. Zurich is a lovely city why not treat your partner to a weekend away.

Mrs. DozyH rang them today - upshot is, we need to fly to Zurich.

I was reading your previous posts, all you need is a passport? Did you need to bring any money with you or was that all transferred over the interwoogie after it was setup? Much appreciated for all your input and feedback so far…

DH

Terra_Incognita · September 2, 2011, 7:42pm

Don’t bring cash, you transfer it when you get the account details.

Bring proof of address, passport, utility bill etc and enjoy the break in Zurich it’s a beautiful city.

JohnnyTheFox · September 2, 2011, 8:33pm

If you are in a hurry and book a round trip that routes you back through Germany you can do it at the branch in the airport in about an hour without even going into the city. Take the early morning Swiss flight out of Dublin and be back in the early afternoon. I brought proof of address/utility bill but was told they didn’t want it (10 months ago). They just wanted my passport. Bringing cash was frowned upon. They very much wanted it transferred from an account in your home country so they could make the assumption that the funds are clean and tax has been paid.

DozyHound · September 3, 2011, 9:02am

Thanks again for the help… much appreciated…

Pill · September 3, 2011, 12:47pm

ABN AMRO for ‘overseas’ customers - based in Schipol. Therefore, similar to above - possible to a day return. Also not necessary to go over; they’ll accept apostilled docs but then you’d miss the hookers.

BoyRacer · September 4, 2011, 8:09am

Emergency procedures fail to reassure personal depositors → independent.ie/business/euro … 66139.html

One of the great mysteries of the crash is the way in which official Ireland and official Europe sat mutely by while confidence in the Irish banks drained away.

**Anyone with any connections to the world of finance will know the most frequent question they will have been asked since all this began: “Is my money safe in an Irish bank?”
**
I don’t like having to answer questions about people’s own finances. I don’t know enough, for a start. Even if I thought I did, it is too much of a responsibility to offer advice which might greatly affect someone’s life. Not unless I was being paid for it anyway.

The problem, of course, is that the guarantor – the Irish State – lacks credibility. Deposits in the banks not guaranteed by the State actually rose 4 per cent in the past 13 months. Ideally, Irish depositors needed reassurance from elsewhere.

there is more