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Friday, January 18, 2013

Hungary asks the Switzerland full list of Hungarian investors

Hungary Switzerland investors
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According to the Hungarian Government, the tax amnesty for Hungarian citizens who keep their money abroad, did not bring the expected results. After all, only in Switzerland, according officials, then can be stored up to 5 billion U.S. dollars owned by Hungarians. The Hungarian government is seeking from the official Berne complete list of Hungarian investors.


Not all moneyed Hungarians offended prospect to move to December 31, 2012 their savings from abroad to their homeland. Vain government promised to charge them only 10 percent of imported to Hungary amounts of money.

According to the conservative government of Viktor Orban, is not taxed by the Hungarian capital, in addition to offshore, Hungarian nationals also taken to Switzerland.

"We would like to get complete information and disclosure of data of persons who have accounts in Swiss banks. Therefore requested to Switzerland at the moment does not apply to the conclusion of a special agreement, or intergovernmental agreement. Again, we are interested in getting a full list "- said the Secretary of State Cabinet Hungarian Janos Lazar.

Pressure of the international community?

According to the American edition of "Bloomberg" last April neighboring Austria managed to reach such an agreement with Switzerland. According to the agreement, their names are not rozholoshuvatymutsya and investors from Austria Swiss banks will pay off taxes at home if voluntarily Declare neafishovani overseas private funds. According to the Austrian authorities, over two hundred Austrians already filed such declarations.

However, Hungarian economists warn that the official Budapest hardly wait for Switzerland information about foreign accounts Hungarians in the past. But the future does not exclude the occurrence of similar agreements between the two countries.

"The transfer of such data relating to the previous period, it is a huge pity financial interests, and not only the Hungarian" - says consultant John Vadas tax issues.

Since it does not accept financial analyst Szabolcs Vamoshi-Nagy. He believes that constant pressure on Switzerland from the international community will force Swiss banks to be more tractable in the case declassification list depositors millionaires who avoid paying taxes in their home country.

"The picture completely changes if the EU with its twenty seven Member States together with the United States will try to achieve this goal," - says Szabolcs Vamoshi-Nagy.

According to the Ministry of Economy of Hungary in Switzerland wealthy Hungarians can store up to 5 billion U.S. dollars. However, independent experts add that this amount may be in one and a half times higher.

During the last year from abroad to Hungary still carried 67 billion forints private equity, almost $ 300 million. Thus the state treasury additionally added $ 30 million, without introducing new taxes in the country.
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