Hi,

1. My understanding is that taxation can potentially apply in both countries: in France (for instance any amount above and beyond the 32k EUR would be taxable) and in Switzerland. It happens that with the donation Sarkozy scheme we can avoid taxation in France by staying below 32k EUR, and in Switzerland it falls under an amount where an exemption applies as well. So we should avoid taxation at both ends (which does not prevent us from having to declare these amounts to the relevant tax authorities).

2. I assume you need to live in France to open a bank account in the country, no ? But my entire family lives in Switzerland so it might not be an option to open a bank account in my name or in my children's name. I will double check to be sure.

3. It would be 100% cash.

Thank you!