1. Switzerland
The stability of banking sector in Switzerland is arguably the best in the world. This is one of many reasons why Switzerland is the world’s best tax havens, secrecy jurisdiction, and financial center.
In September 2015, the Swiss Bankers’ Association reported that banks in Switzerland hold 6.65 trillion CHF (approximately $6.5 trillion) in asset under management.
Nevertheless, due to some pressure from the US and the European Union (EU), Swiss bank accounts information may be made available to tax authorities. And certain information about the accounts’ owners can be revealed directly to relevant tax authorities in 60 countries. This condition applies if the accounts worth over $50,000.
As for the corporate tax, Switzerland offers tax exemption to companies that hold 20% or more shares of other companies. The tax rate will be reduced based on the share percentage owned by the companies. However, holding companies in Cantons (Sates) are tax exempt. In the other hand, companies registered in Switzerland but conducting business abroad are subjected to pay around 10% tax of the world wide profits earned.
