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Posted

Despite the myth of American exceptionalism, it seems it's not always "USA Number 1". When it comes to being a tax haven, it comes in number 3, after Switzerland and Hong Kong, and ahead of the likes of the Cayman Islands and Luxembourg.

From the article:

"Though the US has been a pioneer in defending itself from foreign secrecy jurisdictions it provides little information in return to other countries, making it a formidable, harmful and irresponsible secrecy jurisdiction,"

I'm sure with a little more effort they could become number one.

More at http://www.theguardian.com/politics/2015/nov/02/united-states-overtakes-caymans-singapore-tax-haven-financial-secrecy-index

Posted

Switzerland is a tax heaven?

Has been in the past.

But today?

For private wealth from Germany absolutely not.

German revenue offices can request information from Swiss banks directly (!) without any judicial detour.

And they get it!

Switzerland has been pressed by US and EU to open its files.

Don't dream about tax heaven Switzerland.

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