Breaking Swiss banking secrecy: a goal that will be achieved

Posted on

I have almost lost count of the number of times I and my fellow tax justice campaigners have been told over the last decade or so that the things that we have demanded were impossible and would never happen. Breaking Swiss banking secrecy was one of this things that it was said would never happen, which just means the following report in the FT proves yet again that we were right to ignore the naysayers:

The Swiss government has taken a further step towards dismantling its once untouchable bank secrecy laws, by unveiling draft legislation that would pave the way for automatic information exchange about offshore accounts held in Switzerland.

I do not presume that everything will flow smoothly, but the momentum is irreversible. Another win is on its way.