{"id":15205,"date":"2012-04-23T09:18:51","date_gmt":"2012-04-23T08:18:51","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=15205"},"modified":"2012-04-23T09:18:51","modified_gmt":"2012-04-23T08:18:51","slug":"economic-warfare-and-switzerland","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2012\/04\/23\/economic-warfare-and-switzerland\/","title":{"rendered":"Economic warfare and Switzerland"},"content":{"rendered":"

According to Reuters<\/a>:<\/p>\n

Attacks on Switzerland as a tax haven constitute an \"economic war\" by rivals who want to hurt the country's big banks and its strength as a financial centre, UBS Chief Executive Sergio Ermotti was quoted as saying on Sunday.<\/p>\n

\"Switzerland has been attacked since 2008. We are in the middle of an economic war,\" Ermotti told the SonntagsZeitung in an interview. \"The goal is to weaken the financial centre of Switzerland.\"<\/p><\/blockquote>\n

I agree,\u00a0entirely, that economic warfare is going on. It undoubtedly is. But the aggressor is and\u00a0always\u00a0has been\u00a0Switzerland.<\/p>\n

It is Switzerland that set up banking secrecy to deliberately help people from other countries evade the taxes they owe\u00a0in their home states.<\/p>\n

It is Switzerland that\u00a0legitimises within its boundaries the handling of stolen property - taxes evaded from other countries.<\/p>\n

It is Switzerland who\u00a0declares\u00a0economic\u00a0warfare on other states by seeking to deny them the\u00a0revenue\u00a0that is rightly theirs - an issue about which real wars have been fought \u00a0since time immemorial.<\/p>\n

And it is Switzerland that challenges democracy by\u00a0denying\u00a0democratically\u00a0elected\u00a0governments\u00a0the\u00a0right to\u00a0fulfil\u00a0their lawful mandate by refusing them information about their citizens blatantly breaking the law in Switzerland with the full knowledge of Swiss banks.<\/p>\n

Oh, yes, there is\u00a0economic\u00a0warfare going on - and it's one\u00a0which\u00a0Switzerland started and has to lose. It's an economic war, for sure. It's a fight against criminality too. And it's a fight for what is right.<\/p>\n","protected":false},"excerpt":{"rendered":"

According to Reuters: Attacks on Switzerland as a tax haven constitute an “economic war” by rivals who want to hurt the country’s big banks and
 Read the full article…<\/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":[63,55],"tags":[],"class_list":["post-15205","post","type-post","status-publish","format-standard","hentry","category-switzerland","category-tax-evasion"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/15205","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=15205"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/15205\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=15205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=15205"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=15205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}