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The end of Swiss banking as you know it

Discussion in 'Business & Tax Advice' started by BuzzKill, Feb 19, 2009.

  1. BuzzKill

    BuzzKill Executive VIP

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  2. Axelian

    Axelian Regular Member

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    Well the feds can do anything. He got messed up because he is on US soil. They can fine him to hell and get evidence that he does have a swiss bank account then the IRS can kill him lol
     
  3. richarab

    richarab Junior Member

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    the whole point of having swiss accounts is that noone can find that ccount..now that the swiss have turned over its closly gaurded secrets..who will want to bank with them anymore...
     
  4. zugil

    zugil Newbie

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    its been like that for a while, richarab
    if you have a lot of money, smaller swiss private banks will work extensively for you to setup shell companies and trusts to protect your assets. BJB is the most famous of them, but they got busted when a former employee leaked a bunch of documents implicating them in the facilitation of US tax evasion. im sure tons of them remain though.

    if you dont want to get that complicated i hear HK and singapore are pretty safe markets to put your money, along with cyprus and the like. just do your research and you'll be fine.
     
  5. confined

    confined Regular Member

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    yep from the looks of it...... switzerland is pretty much a done deal. They're screwed. They will lose out on billions of dollars in the coming years.
     
  6. elessar123

    elessar123 Newbie

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    this sucks. hadnt read about it before, thanks for bringing it up.
     
  7. Freddie

    Freddie Registered Member

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    Translated into plain English:

    The decision to cooperate follows a successful extortion attempt by Washington.
     
  8. sam.hunt0710

    sam.hunt0710 Jr. VIP Jr. VIP

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    LOL look at the posting date of thread , stop spamming forum with you service related posts.