Switzerland: $600 billion of tax evaded cash

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Marty Sullivan at Tax Analysts is continuing his series on tax evaded cash in the world's tax havens. This time he has considered Switzerland. His conclusion:

All the calculations described in this article are summarised in Table 6. At the end of 2006, there were $607.4 billion of assets in Switzerland's financial sector beneficially owned by non-Swiss individuals who could easily be illegally avoiding tax on those assets in their home jurisdictions.


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