Swiss Banker Wegelin Weighs-in

Wegelin & Company have been Private Bankers since 1741. Recently they provided some insightful commentary about the agreement between the USA and Switzerland related to the 4,450 UBS clients.

What we need to do now, sine ira et studio, (and putting aside all politically motivated window-dressing, all genuine, or merely nominal, moral issues) is to analyze the situation, draw conclusions and, where necessary, act upon them. This is exactly what we intend to do in what follows, by taking a closer look at two important components of American tax law. And, surprise, surprise: the next round of fiscal enforcement staged by the Americans will be devoted not the American super-rich, but to non-Americans who never in their lives had any intention of evading taxes.

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