Despite the Obama administration’s attacks and criticism from assorted governments that have managed to cock up their economies; Switzerland is still attracting the rich away from their tax-hungry homelands. In April, next year, the U.K. plans to levy a 50 percent income tax on people who make more than 150,000 pounds making the Alpine region attractive to big earners.

Bloomberg reports that HSBC Holdings Plc’s Swiss private bank says more rich foreigners are inquiring about moving to Switzerland, spurred by rising taxes at home and concerns about the erosion of banking secrecy for non-residents.

Alexandre Zeller, chief executive officer of HSBC’s Swiss bank told the news service that any Swiss banking client with a tax-compliance issue in his home country has three choices: do nothing, make a voluntary disclosure, or, if rich enough, move to Switzerland.

Toblerone yes, cuckoo clocks no, they’re German.

HSBC Says Switzerland Luring More Rich Foreigners as Taxes Rise [Bloomberg]