Summary of Secrets of Swiss Banking

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Secrets of Swiss Banking book summary
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Rating

8 Overall

9 Applicability

8 Innovation

5 Style


Recommendation

This guide to the world of Swiss banking offers generally concise, useful information about legally sheltering assets from the American government and the U.S. economic decline. At times, author Hoyt Barber seems almost prescient, such as when he speaks about U.S. banks’ exposure to risky derivatives – and the consequences. He has a distinct political bias, and offers few, if any, kind words about the Democratic Party. However, this is not a theoretical analysis of finance or a political polemic, so such comments are just asides. Overall, getAbstract welcomes his focus on the nitty-gritty practicalities of opening and maintaining a Swiss bank account. These include the legal requirements for reporting to the U.S. government, which are surprisingly simple; the range of services one might expect from a Swiss banker; and the alternatives to Swiss banking, just in case the Swiss system should become less secret for foreign depositors.

In this summary, you will learn

  • What makes Swiss banks special;
  • How to start and maintain a Swiss banking relationship;
  • What challenges face Swiss banking; and
  • What other countries offer tax havens and secret accounts.
 

About the Author

Hoyt Barber is a renowned specialist in tax havens and offshore banking. He has served as a financial consultant to clients worldwide and is the author of 10 books, including Tax Havens Today.

 

Summary

Moving Your Money
Do you like to pay taxes? Do you think it is a good idea to have your life savings in a currency that is losing value – and is almost guaranteed to continue depreciating? If not, you should certainly consider opening a Swiss bank account.

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