Swiss banking secrecy under fire
Switzerland is synonymous with discreet banking but 75 years after Swiss banking secrecy was enshrined in law, the practice is under massive international pressure. Banking secrecy obliges banks to keep information about their clients confidential, except in cases of criminal investigation.
But what happens when a crime in one country is not recognised as such in Switzerland, as is the case with tax evasion?
swissinfo documents this changing point in the history of banking secrecy, with facts, background reports and analysis.
News
Time comes for blame and questions in UBS case
Bank UBS has dodged what was certain to be a costly legal battle with United States tax authorities but Swiss experts say that hard questions still remain. ... »
Background
Banking secrecy faces an uncertain future
Switzerland's tradition of banking secrecy has come under renewed pressure as the United States takes on the country's largest financial institution. ... »
Delaware: tax haven or just "advantageous"?
This small, bucolic nook is home to cows that live on farms and some peculiar tax laws, but the neighbours have become somewhat prickly over its profitable status. ... »
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