The new edition of the TJN publication ‘Tax Justice Focus’ has just been published. This edition is dedicated to Switzerland and is available here .

The edition explores the changing face of tax haven Switzerland. Historically one of the world’s most important secrecy jurisdictions, Switzerland — along with its financial services sector — has recently been buffeted by a series of scandals and pressures. These range from a giant tax evasion probe in the United States targeting the Swiss bank UBS, to massive damage to the banks from the latest financial crisis, to renewed anger about tax evasion and avoidance facilitated by Switzerland, as governments around the world - especially in Europe - seek to secure fiscal revenues amid an economic downturn.

Guest editor Bruno Gurtner and his selected contributors explore the ways in which Switzerland has responded to the pressures, and find that while the country has taken some welcome steps towards transparency, there remains a very, very long way to go — and those limited positive changes that have taken place have generally seen developing countries left out of the picture.

Recommended.