The FT reports:
The outlook for Credit Suisse darkened on Friday after the Swiss bank revealed it had been formally placed under investigation by the US authorities over allegations it helped rich American people evade tax.
The move marked a significant escalation in a near four-year battle between the US and Switzerland over the alleged role of some Swiss private banks in helping US clients with undeclared offshore accounts to avoid taxation.
Oh no, surely not? Not those nice Swiss bankers letting their banks be used for tax evasion? How could that be? There must be some mistake here.....
Please tell me that's true.
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Tail-less cats, motorbikes and sandy beaches was easy game. It is time to use the power of the internets to focus on the land of scenic mountains and cuckoo clocks.
It’s a myth that cuckoo clocks are from Switzerland. They’re a Black Forest entity.. just like the myth that Switzerland introduced banking secrecy to protect the Nazi’s prying.
Switzerland’s economy is nothing but stolen taxes, nazi gold and financial services for criminals. They should be ashamed.
Yeah, they really remorseful. I hear the gonna issue a formal apology on 30th February to rescind their policies.