Swiss Offshore Banking is still in a strong position according to the chairman of Swiss Bank Julius Baer, Raymond Baer. His statement comes as international investors fear for the privacy of their Swiss bank accounts following Switzerland's decision to adopt OECD regulations regarding information exchange.
These comments are likely to unnerve global leaders and charities looking for blanket adoption of the OECD rules by tax havens like Switzerland. Without automatic exchange of information it could take years for 'stolen' money from tax evasion cases to be repatriated.
"International clients will continue to appreciate the
financial privacy traditionally anchored in Switzerland," he said, indicating that Switzerland's reputation may keep it afloat.
These comments are likely to unnerve global leaders and charities looking for blanket adoption of the OECD rules by tax havens like Switzerland. Without automatic exchange of information it could take years for 'stolen' money from tax evasion cases to be repatriated.
; "Macau")
; "Lake Geneva")
; "U.S. Virgin Islands")
; "Monaco City")
; "Bill Cara")
; "Russian Coat of Arms")
; "Vatican Coat of Arms")
; "Gordon Brown")
; "Singapore")
; "Sir Allen Stanford")
; "Isle of Man")
; "Seychelles location")
; "Offshore")
; "Seychelles")
; "Income Access")
; "Offshore Living and Investing")
; "The Islands of the Bahamas")
; "The Bahamas Coat of Arms")
; "MasterCard Debit Card Offshore")
; "Safe and Secure Internet Gambling")
; "Gibraltar Map")
; "British Virgin Islands Coat of Arms")
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