Both were legally defined offers to save taxes and attract rich people and/or their wealth from abroad.

Swiss Democracy by Linder Mueller

I got some definition of "tax savings" from internet goes like this:

Tax Savings means the decrease in Tax paid or payable to the relevant Tax Authority (or, without duplication, the increase in any Refund) attributable to a Tax Benefit.

from lawinsinder.com

My question is does the meaning of "saving taxes" is same as "tax savings"? Can please someone explain?

1 Answer 1


That is pretty much the meaning: These offers would attract rich people to Switzerland by decreasing the amount of tax that they would have to pay (or perhaps increase a refund of the tax, which has the same effect)

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