US Senators upset with Swiss banks, chastised US federal prosecutors for dragging their feet today.
http://www.reuters.com/article/2014/02/26/usa-tax-swiss-idUSL1N0LU2IC20140226
The US tax problems seem like a pendulum, to analysts at http://HamiltonFinanceServices.com. When the pendulum swings wildly one way, it will respond with an equally wild return to the other side. In other words, the more the US politicians press the Swiss to disclose how customers hide money, the more those customers will seek even better secret stashing places. And the Swiss are not idle spectators; they have a stake in how successfully their clients hide their money, too. In the end, big money does much more than buy politicians, it makes the whole world go ’round.
It’s a game like WhackAMole! Have you found a good hiding spot out there? Care to share more information?
hamilton.jerry
It seems a bit hypocritical to me, given that Delaware is one of the least transparent places in the world to incorporate a company. Smart people do not try to hide money in Switzerland, they make a Delaware corporation with a subsidiary in the Netherlands and another in Ireland. Then they can avoid taxes with no risk of prosecution.