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    Switzerland introduced new banking regulations for foreigners in response to pressure from other countries. Other countries claimed many citizens were moving money to Swiss banks to avoid paying taxes in their home country. Income not reported to home governments was often deposited in Swiss banks. Additionally, Switzerland has a very stable economy and high per capita income, making it an attractive place for foreigners to store wealth.

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    Page 28 Task 3 B

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    Switzerland introduced new banking regulations for foreigners in response to pressure from other countries. Other countries claimed many citizens were moving money to Swiss banks to avoid paying taxes in their home country. Income not reported to home governments was often deposited in Swiss banks. Additionally, Switzerland has a very stable economy and high per capita income, making it an attractive place for foreigners to store wealth.

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    Switzerland introduced new banking regulations for foreigners in response to pressure from other countries. Other countries claimed many citizens were moving money to Swiss banks to avoid paying taxes in their home country. Income not reported to home governments was often deposited in Swiss banks. Additionally, Switzerland has a very stable economy and high per capita income, making it an attractive place for foreigners to store wealth.

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    9 views1 page

    Page 28 Task 3 B

    Uploaded by

    abc def
    Switzerland introduced new banking regulations for foreigners in response to pressure from other countries. Other countries claimed many citizens were moving money to Swiss banks to avoid paying taxes in their home country. Income not reported to home governments was often deposited in Swiss banks. Additionally, Switzerland has a very stable economy and high per capita income, making it an attractive place for foreigners to store wealth.

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    Kelompok 3 1G AKM

    Name/number class: Rahilza Afandi Putri / 21

    Sabirna Fahira / 24

    Page 28 Task 3 B

    b. The reason cause switzerland bank have new regulations for foreigners who do not want to pay taxes
    in their own country, the Swiss government has been under constant pressure by other countries to
    change their bank laws, EU officials claim that more and more citizens are moving their money to
    Switzerland to escape taxation in their home country. Income that is not reported to the government is
    often deposited in Swiss banks, another reason cause Switzerland bank has a very stable and prosperous
    economy, and one of the highest per capita incomes in the world.

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