Other EU
Is Switzerland a Tax Haven? Joe Biden Says Yes, They Say No – TLDR News
Recently President Biden has accused Switzerland of being a tax haven… actually less accused and more just stated. Regardless of his tone the Swiss aren’t happy, so they’ve fought back arguing they very much aren’t. So in this video we discuss tax havens, whats they are and if Switzerland is one.
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1 – https://www.euronews.com/2021/04/30/president-joe-biden-called-switzerland-a-tax-haven-and-the-swiss-government-is-not-happy-a
2 – https://www.euronews.com/2021/04/30/president-joe-biden-called-switzerland-a-tax-haven-and-the-swiss-government-is-not-happy-a
3 – https://www2.deloitte.com/content/dam/Deloitte/global/Documents/Tax/dttl-tax-corporate-tax-rates-2016-2020.pdf
4 – https://www2.deloitte.com/content/dam/Deloitte/global/Documents/Tax/dttl-tax-corporate-tax-rates-2016-2020.pdf
5 – https://www.taxjustice.net/press/financial-secrecy-index-2020-reports-progress-on-global-transparency-but-backsliding-from-us-cayman-and-uk-prompts-call-for-sanctions/
6 – https://www.oecd.org/tax/transparency/country-monitoring/
7 – https://www.oecd.org/tax/transparency/documents/exchange-of-information-on-request-peer-review-process.htm
8 – https://cthi.taxjustice.net/en/
9 – https://www.consilium.europa.eu/en/press/press-releases/2019/10/10/taxation-2-countries-removed-from-list-of-non-cooperative-jurisdictions-5-meet-commitments/
10 – https://www.consilium.europa.eu/en/policies/eu-list-of-non-cooperative-jurisdictions/
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Ukraine is seeking to address its military manpower shortage with the use of drones and the increasing use of on the ground robots in logistical and combat situations. In this video we’ll explore these advancements and how they’re changing modern warfare.
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For the latest issue of Too Long, Zac sat down with The Economist’s Washington Bureau Chief, Shashank Joshi, to discuss a number of topics. In this segment of the interview we discuss the reality of European defence, the political rows over military spending, and why NATO might be changing faster than you think.
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Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought.
TLDR is a completely independent & privately owned media company that’s not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can’t wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!
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Order a copy of our magazine Too Long: https://toolong.news/TL009
Join TLDR Party: https://toolong.news/pages/tldr-party
For the latest issue of Too Long, Zac sat down with The Economist’s Washington Bureau Chief, Shashank Joshi, to discuss a number of topics. In this segment of the interview we discuss the reality of European defence, the political rows over military spending, and why NATO might be changing faster than you think.
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📖 Read our Manifesto: https://tldrnews.co.uk/manifesto
Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought.
TLDR is a completely independent & privately owned media company that’s not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can’t wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!
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📖 Read our Manifesto: https://tldrnews.co.uk/manifesto
Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought.
TLDR is a completely independent & privately owned media company that’s not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can’t wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!
Sources
Germany rental rates
https://ec.europa.eu/eurostat/web/products-eurostat-news/w/ddn-20260205-1
UBS wealth report
https://www.ubs.com/global/en/wealthmanagement/insights/global-wealth-report.html
Berlin proposal context
https://www.bloomberg.com/news/articles/2026-08-02/berlin-housing-costs-will-germany-s-capital-expropriate-big-landlords
https://pdf.euro.savills.co.uk/germany-research/eng-2019/spotlight-ownership-structure-of-the-german-residential-market.pdf
https://www.bloomberg.com/news/features/2024-02-17/berlin-housing-the-prospect-of-higher-rents-is-luring-investors https://www.bloomberg.com/news/articles/2019-06-22/berlin-risks-return-to-poor-but-sexy-era-after-rent-freeze
2026 state election
https://en.wikipedia.org/wiki/2026_Berlin_state_election
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🎉 TLDR Party: https://toolong.news/pages/tldr-party
📖 Read our Manifesto: https://tldrnews.co.uk/manifesto
Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought.
TLDR is a completely independent & privately owned media company that’s not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can’t wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!
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@TLDRnewsEU
March 3, 2024 at 6:21 am
NOTE: Apologies for the difference in natation today. Were in the process of moving office and getting Ben to record the voiceover with his microphone at home just made the most sense. We should be back to normal soon! – Jack
@cyberkraut5139
March 3, 2024 at 6:21 am
You are forgetting the city of London as articulation between tax havens and the normal world.
You keep forgetting the isles in the sleeve channel.
These are all constructions for oligarchs, Prigoshins, and the likes.
Brits do always have a blind eye there when naming places to avoid taxes, to park illegal money, in sum: to commit fraud.
@simonwilkins8597
March 3, 2024 at 6:21 am
Of course it is…. that's where the rich Germans hide their money. Why do you think the Swiss didn't join the EU ? Keeping their money out of EU jurisdiction.
@Christian-xb6no
March 3, 2024 at 6:21 am
Switzerland is literally the last country in europe where the average joe doesn’t work for poverty wages.
@propergander8509
March 3, 2024 at 6:21 am
If Switzerland can somehow offer top-of-the-line quality of life metrics while keeping the cost of government low on individuals and firms, that’s good on Switzerland.
Let’s all strive to be as efficient as Switzerland!
@TheSandkastenverbot
March 3, 2024 at 6:21 am
Thank you for clarifying this! But it's still safe to say that a lot of companies are in Switzerland solely for tax reasons and that Switzerland can only afford this low rate because neighboring countries have higher tax rates. In other words: Switzerland is at an unfair advantage. Would be interesting to know how CH would do economically with a fair tax rate.
@bozimmerman
March 3, 2024 at 6:21 am
"Cracking down on tax avoidance." just sounds horrible.
Every taxed human being on Earth, consciously or unconsciously, engages in tax avoidance. Even if it's just to choose not to buy something because the price+tax is slightly too much.
WHY would you "crack down" on people choosing not to buy something?
@ems4884
March 3, 2024 at 6:21 am
Of course they are. That is why they are working so hard at denying it.
@aleshandsome3705
March 3, 2024 at 6:21 am
If 5th place accounts for 5% of the risk…. Then the top 4 accounts for 90+%? 👀
@danushairan
March 3, 2024 at 6:21 am
So the United state steal money from people and now complains why others not doing the same?
Man, we live in a messed-up world…
@Shadowguy456234
March 3, 2024 at 6:21 am
As an American living and working in Switzerland.. no. Should have seen how hard it was for me to open a bank account here 🙂
@ketchyshubby
March 3, 2024 at 6:21 am
The US destroyed the banking system in Switzerland and other tax havens (with the BS excuse of money laundering and terrorism), so they could become the new biggest tax haven for foreign money. As they say onshore is the new offshore. Reality is if the US was smart it would adopt a flat tax rate like Russia, which would bring all the US money hidden abroad back to the US. Problem is the US debt is so high that even 37% federal isn't cutting it, so a flat tax of 10-15% is probably out of the question and flat rate will never happen. If anything I wouldn't be surprised to see 45% like France in coming years.
@user-ms6om3om3l
March 3, 2024 at 6:21 am
Biden on the board of the Ukrainian energy company Burisma. Amos J. Hochstein Biden’s wallet in Naftogaz.
Zelensky and Kolomoisky are laundering money through real estate in the United States, read Pandora papers.
Default will make Ukraine a farm for the Rothschilds
@user-ms6om3om3l
March 3, 2024 at 6:21 am
Biden on the board of the Ukrainian energy company Burisma. Amos J. Hochstein Biden’s wallet in Naftogaz.
Zelensky and Kolomoisky are laundering money through real estate in the United States, read Pandora papers.
Default will make Ukraine a farm for the Rothschilds
@fervegettax
March 3, 2024 at 6:21 am
As it is said in Argentina "hazte la fama y échate a dormir" (make yourself famous and go to sleep). Switzerland a tax heaven for a long time and needs to do a lot more to change it's image.
@samsadeniz
March 3, 2024 at 6:21 am
Swiss got rich because of the stolen wealth from Jews and Holocaust.
@coopsnz1
March 3, 2024 at 6:21 am
High vat tax & excise taxes in switlzland
@coopsnz1
March 3, 2024 at 6:21 am
Highest household debt In the world over taxed
@dababy.
March 3, 2024 at 6:21 am
as a swiss, i promise it's not🥲
@njb1126
March 3, 2024 at 6:21 am
Actually it is a tax haven my half brother who is a deposed Ghanaian prince told he keeps his money there and he wants to share it with me if I just cover the cost of transferring the funds from Zurich to Ghana.
@cronos351
March 3, 2024 at 6:21 am
the problem with tax it's that states never tell their inhabitants how the money is used precisely, if it was clearer they could easily levy more taxes with fewer unhappy people
@patrickbateman529
March 3, 2024 at 6:21 am
Europe's tax havens are the UK, Netherlands and Monaco. Switzerland hasn't been a tax heaven since the digital age started.
@ladakhhardaar950
March 3, 2024 at 6:21 am
Of course they will say NO. What else do we expect??!!??
@SimpWhiper
March 3, 2024 at 6:21 am
Biden only shoot's cheaply
@emmanuelgelatimesa2712
March 3, 2024 at 6:21 am
Money printing 🙂
@User-pn4zz
March 3, 2024 at 6:21 am
Politicians: destroy the economy to protect from Corona.
Also Politicians: oh no the economy is destroyed, whatever will we do
@josephmartin1543
March 3, 2024 at 6:21 am
Mexico Investigation over Pegasus and Sourgum, Onavo, etc. spyware and malware has changed everything that we know about Money Laundering and Tax Evasion : " Government spent US $ 300 million on spyware including kickbacks ", Mexiconewsdaily com,7.22.21, and in APNews , 7.21.21 :" Mexico : $ 300 million in spyware spending includes kickbacks " The People most interested in using Spyware is Drug Cartels and their Money Laundering gangsters .
In the case of Switzerland, Pr.Biden is right and the Swiss Government cannot blame anyone but themselves. Take the case of the Middle East indicted bank giving 5.300 of their Customers in Switzerland a special tax free account and debit card that technically does not exist.
@randommooch9375
March 3, 2024 at 6:21 am
Just another smoke bomb to mask those ratings (not that the previous administration or the one before that was any difference)…
@WolfKing448
March 3, 2024 at 6:21 am
Panama isn’t part of the United States.
@mrlover4310
March 3, 2024 at 6:21 am
Europe is harassing Poland and Hungary they should become tax Havens that's when they are kicked out of course.
@paulrouth5997
March 3, 2024 at 6:21 am
Switzerland has always been a tax haven; nothing has changed.
@mypointofview1111
March 3, 2024 at 6:21 am
Can tldr please educate themselves on how finance really works. Please read The Deficit Myth by Stephanie Kelton. It clearly explains that countries that can issue their own currency can print all the money they like. They have no need of taxes and government led fiscal policy doesn't work the same way a household financial situation. In other words ordinary people cannot spend more than they earn or they go bankrupt. Governments that have sovereignty over their own currency can just keep issuing more money.
@ems7623
March 3, 2024 at 6:21 am
Given Switzerland's history of getting rich while watching all of its neighbors burn, it can be challenging to take what they say altogether very seriously. There's a lack of moral accountability that runs deep in the waters of the Swiss Alps.
@italktoomuch6442
March 3, 2024 at 6:21 am
Panama would like a word with you about their nationhood.
@photodunn7828
March 3, 2024 at 6:21 am
The main European tax heaven is Monaco !
@OriginalUnjustifier
March 3, 2024 at 6:21 am
I'm sorry, Biden actually said something and he was understood without advanced translation software, 3000 consultants, and a half forgotten occult ritual? I'm gonna have to call fake on this.
@evandavid9087
March 3, 2024 at 6:21 am
Lol Panama is not part of the United States
@theunknown1426
March 3, 2024 at 6:21 am
UK is the real tax haven NOW (how the corrupt uk gov in falilcating the rich with tax avoidance &. evasion).
@kafka68
March 3, 2024 at 6:21 am
The swiss has a law that forbids the authorities to give legal assistance to other nations when it comes to tax evasion. They are the worst!
@vikingmr.1229
March 3, 2024 at 6:21 am
American presidents are hipocrites , big deal.