SocraticGadfly: No more secret Swiss bank accounts

March 14, 2009

No more secret Swiss bank accounts

The Swiss government, worried about the country officially being placed on an Organization for Economic Co-operation and Development tax evasion blacklist, Switzerland is opening its bank account privacy doors. Switzerland says it will hand over information on account holders suspected by other countries of tax evasion.

But, it's not the only such haven, not even the only one in Europe. The autonomous British island of Jersey is another.

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