August 26th, 2009
Richard Murphy has
pointed out that Switzerland has signed its second tax information exchange agreement with... Luxembourg. That's right, Switzerland is now 1/6 of the way to being squeaky-clean because it signed an agreement (and a
weak one at that) with another tax haven. As Richard says, this amounts to: "You look one way and I’ll look the other." From
Swissinfo:
Switzerland on Tuesday signed a revised double taxation agreement with Luxembourg, easing the restrictions on the exchange of tax information between the two countries.
It is...
August 26th, 2009
ZURICH (Dow Jones)--Swiss private bank Wegelin & Co. said Tuesday it is telling American clients to exit U.S. securities given heightened Internal Revenue Service scrutiny of tax dodgers.
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August 26th, 2009
Bloomberg -- If he had kept his mouth shut and his head low, Bradley Birkenfeld would be a free man today. He didn’t, so now the former UBS AG banker wears an electronic bracelet on his ankle and, beginning in January, will spend three years and four months in a federal penitentiary.
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August 26th, 2009
Switzerland continues to enjoy an excellent image abroad based on stereotypes about the country, according to a study issued on Tuesday.
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