Swiss may alter secrecy law

| 06/03/2009

( Switzerland’s governing council is discussing potential changes to the country’s banking secrecy laws today, and may disclose plans to crack down on tax cheats. The recent handover of confidential client data from Swiss bank UBS AG (UBS) to U.S. justice authorities has unleashed widespread political debate over banking secrecy and has also increased international pressure on the alpine country as a tax haven.

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  1. Anonymous says:

    So, is this a sign of things to come for the Cayman Islands?