Swiss bank accounts reporting

[proggy]

A lot. The Swiss have to and over details of 500 account holders every year as requested by HM Thieving Bastards Department. How to the British authorities know which account details to name in their request? Well, among other sources, from data extracts from other governments.

Not a very good example they are making, we wan't you to abide by the law and pay all your taxes then they use stolen data to target people. Anyway, looks like the game is up, but there must be other countries out there that you can stash money away?

[Mich the Tester]

Not a very good example they are making, we wan't you to abide by the law and pay all your taxes then they use stolen data to target people. Anyway, looks like the game is up, but there must be other countries out there that you can stash money away?

I agree, but that's the way it is. Dunno about other jurisdictions, but none are likely to have the previous reliability of Switzerland or Liechtenstein. Yes, the game is up in Europe; for a few years, governments get a bit of extra money from Swiss account holders, which they then piss down the drain, and the inevitable bankruptcy is postponed by a few weeks at best. Maybe one or two Arab states are prepared to jump into the gap in the market, but they don't seem to need the money they can earn by doing that.

[mos]

I agree, but that's the way it is. Dunno about other jurisdictions, but none are likely to have the previous reliability of Switzerland or Liechtenstein. Yes, the game is up in Europe; for a few years, governments get a bit of extra money from Swiss account holders, which they then piss down the drain, and the inevitable bankruptcy is postponed by a few weeks at best. Maybe one or two Arab states are prepared to jump into the gap in the market, but they don't seem to need the money they can earn by doing that.

Yep, I see that as yet another in a long chain of stabs against Europe as a financial centre.

[BlasterBates]

...and goes to show that when you´re not in the EU you can have less control than if you´re outside. Switzerland has been beaten up by everyone especially the US.

Swiss bank accounts are no longer secret, but Luxembourg accounts are. Switzerland became a kicking stool, and it´s wealth management industry is doomed to go down the plug hole.

[Ticktock]

Luxembourg accounts are... for now.

From April 2015 EU citizens data will be shared, and they've just agreed to do the same with the US for US citizens.

So no, this doesn't show a major difference, other than in timescales.

[Mich the Tester]

Dubai?

[Brussels Slumdog]

Not that simple

Dubai?

Opening an account in Dubai is not that simple for us unless you have a contract in Dubai. I guess that there are ways around if you are rich and famous