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They are gaining one! Swiss banking privacy rules down under EU pressure. The UK now have freedom to keep large money more private than Swiss can do from now.
by ommunist 10y ago
They are gaining one! Swiss banking privacy rules down under EU pressure. The UK now have freedom to keep large money more private than Swiss can do from now.
- ori_b 10y agoSwitzerland is not part of the EU. Why do you think that the UK have more freedom in this case?
- ommunist 10y agoSwitzerland already bent its traditional legislation to comply with new EU ruling about banks secrets snd reporting. The UK banking just got its chance.
- riffraff 10y agoSwitzerland did that because the alternative was, concretely, losing the ability to keep foreign customers, so they chose the lesser evil. Why do you think it would be different for the UK?
- justin66 10y agoThat's exactly opposite of what the United States has been pushing for the last couple of decades in terms of banking secrecy, pretty successfully. The U.K. could alienate the US government right now, but I bet they won't.