okay, then just replace Switzerland with a country you respect then and its the same deal
(I wish beyond FATCA that taxation on Americans domiciled outside of the country would be ended. Such a waste, and I say this as someone who supports taxation for public goods.)
Which they (almost) never have to do. If they need cash in America, they take out super-low-interest loans.
> the owners of it are taxed once the money moves to individuals
Again, that's technically true but only poor schnooks who keep their money in Vanguard index funds are paying those taxes. The wealthy have more sophisticated tax strategies.