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Really think that is only the tip of an iceberg. Swiss banks are well known for their secrecy to hide the identities of depositors, and thus avoid reporting asset to IRS. Some Caribbean banks also share the same practices.
Really think that is only the tip of an iceberg. Swiss banks are well known for their secrecy to hide the identities of depositors, and thus avoid reporting asset to IRS. Some Caribbean banks also share the same practices.
@Crash, there is a long history going back before WWI of how Swiss banks gotten very very rich. As shown in a number of NPR articles. There are reasons to maintaining “neutrality” for Switzerland. https://npr.org/search/?query=Swiss%20banks%20Naiz&page=1
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https://npr.org/search/?query=Swiss%20banks%20Naiz&page=1