Estate Planning and Swiss Assets
Jacob C. Jørgensen
PROBATE& PROPERTY MARCH/APRIL 2006 65 For decades, Switzerland, with its highly developed private banking industry, strong statutory protection of bank secrecy, moderate tax rates, and stable currency and political climate, has been a preferred safe haven of investors from all over the world, not least from the United States. In spite of growing internatiiona competition in cross-border asset management and increasing political pressure on Switzerland to abandon its bank secrecy laws, Swiss banks...