Wednesday, 17 April 2013

Economy News Headlines - Yahoo! News: Special Report: The battle for the Swiss soul

Economy News Headlines - Yahoo! News
Get the latest economy news headlines from Yahoo! News. Find breaking economy news, including analysis and opinion on top economy stories, photos and more.
Special Report: The battle for the Swiss soul
Apr 18th 2013, 06:16

An employee checks safe boxes before the public opening of the safe room of the Zuercher Kantonalbank in ZurichBy Emma Thomasson ST. GALLEN, Switzerland (Reuters) - "If you can't trust a Swiss banker, what's the world come to?" asked James Bond in the 1999 film "The World is Not Enough". It has come to this: Swiss banks, under pressure from countries such as the United States, France and Germany, have been giving up their secrets, in some cases handing foreign tax authorities the names of their account holders. To avoid being blacklisted by the Organization for Economic Cooperation and Development, the Swiss government has agreed to share more information with foreign authorities hunting tax cheats. ...


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