Thursday, February 16, 2012

Secret Swiss bank accounts are no longer an option

This piece of mine appears in the Daily Express.

LET me tell you about the very rich.

They are different from you and me, the American novelist F Scott Fitzgerald once wrote. One way in which the very rich are different from you and me is their use of tax havens.

While ordinary members of the public have little opportunity to escape paying taxes, the very rich have the possibility of opting out of the system by transferring their money to secret bank accounts in countries where their money is subject to little or no tax. Think that’s a tad unfair? Well, so too does the US President Barack Obama and he’s determined to do something about it.

You can read the full article here.

1 comment:

Anonymous said...

This is just more American bullying. They always dress up their violations of other countries' sovereignty with sanctimony. Sometimes they're doing for "human rights" now they are doing it to stop tax evasion. Right. They've been bullying neutral Switzerland for years.