Feb 23 2012

Lipstick on a pig

Posted by: Nick Shaxson in: Thoughts

Something I wrote yesterday.

Sections of the Swiss media seems to have picked it up, in slightly startled tones, here and here. As Swissinfo said, summarising the mood among many Swiss newspapers, who appear to have seen through the subterfuge:

The Basler Zeitung said the international community would be sceptical of any plan in which the financial sector was responsible for enforcing honesty.
. . .
The idea of self-declaration is far from being sufficient to calm the suspicions of foreign tax authorities. Even less so because Eveline Widmer-Schlumpf wants to leave it up to the banks to ensure the implementation and monitoring of such a scheme.

Absolutely correct.

Would you trust a Swiss banker to push for transparency and the payment of taxes?

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