Tax attack on Swiss private banks

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From Comment / Editor's Analysis 09 March 2012

By PWM Editor

Switzerland has been under sustained attack from the US authorities, with the aim of shutting down any banks helping US citizens to avoid taxes. As a result of international pressures, the banks have been changing their business to highlight portfolio management and asset allocation, rather than earning money from luring clients into secret, tax-friendly structures.

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Tax attack on Swiss private banks

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