To prevent losing its status as a global financial hub, Switzerland signed the convention in 2014. The Swiss parliament approved the deal in 2015 and the treaty was ratified in 2016.
This is a bullshit argument.
In fact this policy is what will actually make Switzerland lose it's status as global hub (together with other BS laws that the EU is pushing on them). Rich people will immediately move their money to Singapore, Cayman Islands or Hong Kong.
The swiss are idiots , now most rich people will immediately transfer their money out of there if they havent so already.
They might even look into Bitcoin.
Yeah it doesn't make sense. The rich will go wherever they can get away with paying as minimum taxes as possible, sad to see since the rich should be the ones paying taxes to help the ones that are poor as fuck and go from bill to bill (those people should be the ones paying no taxes in order to leave them a margin to be able to start their own businesses). Anyway Switzerland will either adopt Bitcoin or lose tons of money. It's not like Switzerland produces anything in the world, their only role is hiding rich celebrities and big businessman's money so why are they killing their own niche.
Ah fuck off socialists.
The rich are already creating all the jobs and the products, they should pay shit actually.
In fact taxes should be 0 everywhere because it makes no sense anyway.
But either way these small countries get all their revenue from bank deposits, the Swiss just fucked up their 200 years of banking traditions with this move. Good job stupid socialists.
Now the rich will move to other bank havens, and the Swiss have just ruined their whole economy.
I dont think they wanted to do this. The US forced them or they would be disconnected from the banking system.
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