Jun 182010
Switzerland’s banking secrecy has been broken – without a referendum:
Swiss lawmakers on Thursday gave final approval to a treaty with the United States that will hand Washington thousands of files on suspected tax cheats, agreeing to drop plans to allow a referendum on the issue.
It’s been a good week for the opponents of secrecy jurisdictions as around the world their secrecy begins to collapse and their business model begins to fail.
I might just open a bottle tonight to quietly celebrate.
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