The young financial analyst bought these properties with his savings from salary and a loan that he has already repaid. Sonthalia’s net worth runs into several crores of rupees, including liquid savings of about ₹1 crore, in all of five years of his career. Here’s what made this possible. Sonthalia works in Amsterdam and earns...
Tag: Wealth
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Where are Europe’s tax havens – and how are they luring in the rich?
Hungry for investment, countries in Europe are competing to attract and retain the wealthy. Euronews Business explores the tax perks on offer, along with the pushbacks against them. ADVERTISEMENT The top rates of statutory personal income tax in the EU have stopped declining since the 2008 financial crisis, according to the EU Tax Observatory. Instead,...
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Switzerland Retains Top Spot In Global Wealth Ranking As World Gets Richer
(MENAFN– Swissinfo) Last year, the global population became wealthier overall. As a result, global wealth rebounded from the decline seen in 2022. Switzerland retained its top position in the UBS Global Wealth Report. This content was published on July 10, 2024 – 15:56 2 minutes Keystone-SDA Deutsch de Weltweite Vermögen wachsen – Schweiz verteidigt Spitzenplatz...
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Wealthy Nordics are fleeing to Zurich due to high wealth taxes
Sweden’s largest bank by market value, SEB AB, is opening an office in Zurich to cater to wealthy expatriates from the Nordic region. The first Swedish bank to set up shop in Switzerland, SEB follows a raft of Norwegian rivals that are flocking to the country in the footsteps of their rich countrymen, many of...