HSBC customer dismayed by tax treatment of Swiss dividends

We are saddened to bring to your attention another case of an unhappy HSBC customer. This tale is set against the background of the double tax treaty between Switzerland and Hong Kong that came into force on January 1. Based on that treaty, Switzerland is entitled to withhold a final tax of 10 per cent reduced from 35 per cent, on dividends paid to beneficial owners of Swiss companies.

via Business feed http://www.scmp.com/business/article/1252797/hsbc-customer-dismayed-tax-treatment-swiss-dividends