April 6th, 2012
With the €1 Trillion the EU governments lose each year to tax dodging at stake. The prospect of a debt ridden jobless future has EU the asking questions. DG TAXUD the tax arm of the EU civil service will prepare a communication by December on the broad topic of tax havens and unfair tax competition.
August 3rd, 2009
The New York Times is carrying an article by a Swiss ideologue, Pierre Bessard, entitled Leave Swiss Banks Alone
. Anyone reading it might be forgiven for thinking that Swiss bank secrecy somehow is a benefit to the world. We would like to correct a few points of fact, and of interpretation.
First, he trots out the hoary old canard that bank secrecy started out, at least in part, as a way to protect money from the Nazis. We recently published the correction of this myth in the Financial Times, in our March 26 letter entitled Swiss secrecy laws...