January 22, 2007

Switzerland's Immigration Problem

For all of our rich readers, you know who you are, and those who think that only the U.S. has an immigration problem....

Switzerland Considers Tax Increases to Stop Influx of Rich Foreigners

Switzerland, which has attracted millionaires from Ikea founder Ingvar Kamprad to ex-Formula One champion Michael Schumacher, may raise taxes on rich foreigners after French singer Johnny Hallyday's move to the Alpine nation sparked criticism on both sides of the Franco-Swiss border.

On Jan. 9, Leuthard launched a Swiss debate by saying the current system was discriminatory.... Montebourg stepped up the tone...by saying ``the paradise for the financial aristocracy in Switzerland'' was ``hell for all working people.''

Maybe Switzerland needs a border wall along the Alps to keep those rich people from sneaking across. They're making harder to find a good place to stash away milllions of dollars. But, I'll trade our immigration problem for theirs.

From TaxProf Blog

Posted by Woody M. at January 22, 2007 07:30 AM | TrackBack

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