Tuesday, May 26, 2015

Switzerland is Publishing the Names of Foreign Tax Evaders!

According to Forbes the Swiss government and hundreds of Swiss banks are publishing the names of foreign tax evaders.

Some observers are calling this the real and final end of Swiss bank privacy tradition, which mostly dates to the 1930s. Deutsche Welle has cited the Swiss media Sonntagszeitung for the news, saying that the Swiss government will list the names, birthdates and nationalities of alleged tax evaders in its federal newspaper.

The data will be publicly available on the Internet, which will allow the people on the list to protest the publication in court.

With around 120 prosecutions and tens of thousands of Americans stepping forward to pay taxes, penalties, and interest, the IRS has collected billions.

No Offshore Income, Account or Trust is Still Secret.

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