{"id":13904,"date":"2012-01-30T18:19:10","date_gmt":"2012-01-30T18:19:10","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=13904"},"modified":"2012-01-30T18:19:10","modified_gmt":"2012-01-30T18:19:10","slug":"how-to-solve-switzerlands-problem-in-one-short-blog","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2012\/01\/30\/how-to-solve-switzerlands-problem-in-one-short-blog\/","title":{"rendered":"How to solve Switzerland&#8217;s problem in one short blog"},"content":{"rendered":"<p>Reuters <a href=\"http:\/\/www.reuters.com\/article\/2012\/01\/28\/swiss-economy-idUSL5E8CS03620120128\" target=\"_blank\">reported today\u00a0that<\/a>:<\/p>\n<blockquote><p>Switzerland must tackle the problem of untaxed money in secret accounts and also must ensure the central bank does not become a political pawn, the country's economy minister was quoted as saying on Saturday.<\/p>\n<p>\"The problem of untaxed wealth in Switzerland is a serious problem that we need to resolve. Not only with the USA but also with the Europeans,\" Economy Minister Johann Schneider-Amman, of the pro-business Free Democrats (FDP) party, told the German-language Tages-Anzeiger in an interview.<\/p>\n<p>\"Banking secrecy wasn't invented to create an opportunity for doing business with untaxed money,\" he also said. \"We must find a way of dealing with legacy wealth.\"<\/p><\/blockquote>\n<div>Well actually, that's exactly why Swiss banking secrecy was created in 1934: it was all about and still is about facilitating tax evasion.<\/div>\n<div><\/div>\n<div>And there is an easy answer: sign up for the\u00a0European Union Savings Tax Directive and for\u00a0automatic information exchange.<\/div>\n<div><\/div>\n<div>What's the problem?<\/div>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters reported today\u00a0that: Switzerland must tackle the problem of untaxed money in secret accounts and also must ensure the central bank does not become a<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2012\/01\/30\/how-to-solve-switzerlands-problem-in-one-short-blog\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63],"tags":[],"class_list":["post-13904","post","type-post","status-publish","format-standard","hentry","category-switzerland"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/13904","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=13904"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/13904\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=13904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=13904"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=13904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}