A new study suggests billions of francs are being hidden from the tax authorities.
By its very nature, the exact amount is unknown. The last time the Confederation looked at the issue was back in 1962.
Using a tax amnesty that’s been in place since 2010, a doctoral student at the University of Sankt Gallen gathered the numbers from all the cantons.
Only 3% of tax payers came forward with previously hidden assets, CHF 66bn in total – but it showed on average they are hiding a third of their wealth from authorities.
Enea Baselgia says the figures show tax honesty in Switzerland is relatively low.
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