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Switzerland eases banking secrecy

http://news.bbc.co.uk/1/hi/business/7941717.stm

Quote:

Switzerland, the world's largest offshore financial centre, has agreed to accept concessions on bank secrecy.Switzerland's announcement comes after it had risked being added to a global blacklist of uncooperative tax havens.
It is estimated that Switzerland's banks hold $2 trillion (Ã‚Â£1.4tn) of global wealth held abroad.

Mind from this

Quote:

However, while it will now abide by international rules on bank data sharing, it said it would only respond to "concrete and justified" requests.
The government added that it would still protect banking customers from "unjustified watching from abroad".

I'm not sure just how far GB's claim.

Quote:

UK Prime Minister Gordon Brown said the changes were "the beginning of the end of tax havens".

Will hold water..:erm:

Re: Switzerland eases banking secrecy

Hmmm.... I wonder if this'll help me find out what Mrs Osem's does with all that housekeeping money..... :D

Re: Switzerland eases banking secrecy

I invest a fair chunk of my spare cash into Switzerland. Damn toblerone addiction is expensive.;)

Re: Switzerland eases banking secrecy

I have never needed a Swiss Gnome as I have an English one who protects our assets by never allowing any of our cash to leave his wallet. :(

Re: Switzerland eases banking secrecy

Quote:

Originally Posted by Maggy J (Post 34751998)

http://news.bbc.co.uk/1/hi/business/7941717.stm

Mind from this
I'm not sure just how far GB's claim.Will hold water..:erm:

sweating buckets over my tenner.;)