{"id":9661,"date":"2011-04-15T08:06:27","date_gmt":"2011-04-15T07:06:27","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=9661"},"modified":"2011-04-15T08:06:29","modified_gmt":"2011-04-15T07:06:29","slug":"laughing-all-the-way-to-the-swiss-bank","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2011\/04\/15\/laughing-all-the-way-to-the-swiss-bank\/","title":{"rendered":"Laughing all the way to the Swiss bank"},"content":{"rendered":"<p>The<a href=\"http:\/\/www.ft.com\/cms\/s\/0\/d55bb1d2-665c-11e0-ac4d-00144feab49a.html#ixzz1JZaS0AMo\"> FT reports:<\/a><\/p>\n<blockquote>\n<p>Julius Baer became the first Swiss private bank to reach a settlement with the German authorities over its potential role in helping rich customers to evade taxation with a one-off \u00e2\u201a\u00ac50m ($75m) payment.<\/p>\n<\/blockquote>\n<p>The good news they have admitted they knew what they were doing.<\/p>\n<p>The bad news is that there is nothing to stop them carrying on doing it. Swiss banking secrecy is still intact.<\/p>\n<p>And worse, is the fact that the settlement is so small they must be laughing all the way to their own Swiss bank.<\/p>\n<p>The underlying theme: tax evasion is a crime that still pays.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The FT reports: Julius Baer became the first Swiss private bank to reach a settlement with the German authorities over its potential role in helping<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2011\/04\/15\/laughing-all-the-way-to-the-swiss-bank\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[70,63,55],"tags":[],"class_list":["post-9661","post","type-post","status-publish","format-standard","hentry","category-banking","category-switzerland","category-tax-evasion"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/9661","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=9661"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/9661\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=9661"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=9661"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=9661"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}