Home » Topics » tax breaks

Swiss end tax breaks, drive out millionaires, bring in more money

GENEVA — The region of Zurich, the home of Swiss banking, has lost nearly half its foreign millionaires two years after scrapping special tax breaks, according to official figures. Of the 201 foreign residents who benefited from the tax breaks which the canton scrapped in early 2009, 97 have decamped…

Obama says U.S. on track to doubling exports

US President Barack Obama said Saturday his administration was headed toward fulfilling its commitment of doubling US exports over five years and promised to reward businesses that created jobs at home with tax breaks. “Two years ago, I set a goal of doubling US exports over five years,” the president…