LM Capital SA’s Post

How do you manage your tax affairs when you are a wealthy resident of Switzerland?   Picturesque landscapes and quality of life are not the only arguments that attract wealthy investors to Switzerland. Political stability and a robust financial system also play their part. But choosing Switzerland is not without implications, particularly in terms of taxation. To continue reading this article, please visit our website: https://lnkd.in/eD_BEeg7

Switzerland is in the midst of a heated debate about inheritance taxes on the super-rich. The proposal — to take half of any passed-on wealth above 50 million francs ($59 million) — has prompted public warnings from business-owning multi-millionaires and billionaires that they’ll go elsewhere. Similar debates are playing out around the world as governments consider ways to squeeze more from the richest to help deal with huge deficits and fund public services. Switzerland is currently home to 22 of the world’s 500 richest people, according to the Bloomberg Billionaires’ Index. According to a June survey by auditing firm PwC, two-thirds of affected business owners indicated that they looked at a preemptive transfer of their assets to other family members. More than half said they considered moving abroad. Targeting the rich isn’t happening only in Switzerland. The UK is ending tax breaks for non-domiciled residents, largely high earners, and Spain introduced a temporary wealth levy to pay for social programs during the post-pandemic inflation surge. Internationally, the United Arab Emirates is forecast to attract the most global millionaires this year followed by the US and Singapore, according to a report by Henley & Partners. #wealthpreservation #taxplanning #taxstrategies #wealthtransfer #premiumfunding #lifeinsurance #premiumfinance #PPLI #estatetax #wealthtax

🎯 Capital Gains Tax Overhaul: Revenue Boost vs. Economic Fallout 🔲 The Parliamentary Budget Officer (PBO) projects a $17.4 billion increase in income tax revenues from 2024-2029 due to a capital gains tax overhaul. 🔲 Tax Rate Increase: Capital gains inclusion rate for corporations and trusts raised from one-half to two-thirds, and the same rate applies to individuals on yearly gains exceeding $250,000. 🔲 Revenue Projection: Expected to improve the federal budgetary balance significantly over the next five years. 🔲 Critics' Concerns: The Montreal Economic Institute (MEI) estimates the policy will generate nearly $2 billion less than projected, citing a "fire sale" of assets and reduced investment incentives. 🔲 Economic Impact: Critics argue it will harm entrepreneurs and the middle class, slow down the investment cycle, and reduce growth opportunities for startups. 🔲 Public Sentiment: MEI-Ipsos poll shows 60% of Canadians fear negative economic impact, with 70% believing the middle class will be affected. 🔲 Real Estate Investment: The higher capital gains tax may deter real estate investors, potentially leading to decreased investment in the property market and affecting housing availability and prices. #CapitalGainsTax #Economy #Investment #Entrepreneurs #CanadaEconomy #TaxPolicy #RealEstate

Have you heard about a DEATH TAX? A What? A Tax on Death? Yes! Did you know that YOUR $1 Million invested in an index fund like the S&P 500 or US Stocks, could turn into $600K if you were to pass away? If you're concerned, read on! [1] If you're a non-US resident and a non-US citizen living in cities like Hong Kong or Singapore (like self) and have invested in the S&P 500 (e.g., VOO ETF) based on online advice or LinkedIn posts (like this one), you should be aware of the "ESTATE TAX." [2] Estate tax is levied on the transfer of an investor's US assets after their passing. [3] This tax affects both US citizens and non-citizens who hold US assets, including stocks, real estate, and other properties. [4] US Non-residents have a much lower exemption of $60,000 [5] If an investor's US assets exceed this amount at the time of death, their heirs must pay estate tax on the excess. [6] The estate tax rate ranges from 18% to 40%, with higher rates for larger estates. Check for the latest rates or seek advise from your financial planner. Unfortunately, many investors are unaware of the estate tax and its implications. What can you do? Don’t worry! I will be sharing my 👉 Portfolio moves, 👉 Lessons learned, and 👉 Mistakes So you can start on a better footing. Here’s what you should consider: 1️⃣ Local tax policies based on your country of residence. 2️⃣ Avoid following social media posts blindly (even this one!). 3️⃣ Continuous education—subscribe to my FREE newsletter for more insights - https://lnkd.in/gRKSi6Jn if you want to learn alongside me! Before you scroll through LinkedIn further, just a quick heads-up: I write about investing, wealth, and other topics that spark my interest. My newsletter—which has about 1,000 subscribers—will include my latest portfolio updates and market insights!

Are you considering the impact of tax on your clients' investments? We are, and we’re doing something about it. Tax is often the biggest cost for investors, but it doesn't have to be. With Australia's High-Net-Worth segment growing and more Australians facing higher tax rates, effective tax strategies are crucial. Understanding the #tax treatment of various investment structures is crucial for high-net-worth individuals navigating today’s complex financial landscape. Find out how Generation Life's Investment Bonds can significantly reduce the impact of tax on your clients' investment returns. https://lnkd.in/gNbBtfSp  #GenerationLife #InvestmentBonds

Curious how taxes actually impact your investment growth in Canada? Discover the nuances of investment taxation — from interest income to capital gains, and uncover high-level, yet simple strategies to minimize tax burdens, to make the most of your returns.

Would be interesting to see this combination on a (3D) Laffer Curve: 📈 A low but progressive wealth tax to mitigate rising inequality (e.g. Spain). 📉 A reasonable but proportional income tax to support work and entrepreneurship (e.g. Estonia). Positive externalities from increased social cohesion and public health seem obvious. https://lnkd.in/dkE2i6BW

With the general election approaching, UK political parties are focusing on pro-growth agendas. The Liberal Democrats aim to invest 3% of GDP in research and development by 2030, while Reform proposes lifting the VAT threshold for small businesses. But what more is needed to support high-growth businesses? Venture capital trust managers share their wish lists and highlight the positive impact of existing tax incentives on society and the economy: https://bit.ly/3Xx0EJO #GeneralElection #VCTs #VentureCapital

With the general election approaching, UK political parties are focusing on pro-growth agendas. The Liberal Democrats aim to invest 3% of GDP in research and development by 2030, while Reform proposes lifting the VAT threshold for small businesses. But what more is needed to support high-growth businesses? Venture capital trust managers share their wish lists and highlight the positive impact of existing tax incentives on society and the economy: https://bit.ly/3Xx0EJO #GeneralElection #VCTs #VentureCapital

The Spring Budget launched the British ISA and scrapped the non-dom tax regime. The hope is that these measures will generate more investment in the UK stock market, as well as encouraging individuals to bring capital held overseas into the UK. This is a very significant shift for those with a permanent home abroad. Clients impacted by the changes should actively engage with the new rules and take advice to help them navigate the new terrain. Read our latest article to get the full scoop: https://lnkd.in/e2zp84X9 When investing, your capital is at risk. #budget2024 #tax #wealthmanagement