And to continue with another song:
Duh-duh-dun-dun-dun, another one bites the dust.
Switzerland, the world’s largest offshore financial centre, has agreed to accept concessions on bank secrecy.
…
Andorra, Liechtenstein, Austria and Luxembourg have also just agreed to sign up to the OECD rules.
That’s a shame. The Swiss managed to keep their secrecy through the depression, a series of wars enveloping them and fifty years of relentless pressure by greedy tax departments* from all over the world. But now they’ve caved. As have other countries. And just this week Jersey signed a deal to be more ‘cooperative’ with Her Majesty’s Revenue and Customs.
So people with a (perfectly sensible) desire not to pay nearly fifty percent of everything they ear to a bunch of wasteful feckers are just going to have to kick in with proper criminal schemes. Oh well.
—
* – some redundancy here, do you think?