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True, the swiss government has bent over in all directions imaginable regarding the banking secret once a powerful enough entity pressured them. Forget hosting,
by yawaworht1978 5y ago
True, the swiss government has bent over in all directions imaginable regarding the banking secret once a powerful enough entity pressured them.
Forget hosting, VPNs or email providers from Switzerland.
It's exactly true, companies incorporate there due to tax laws, even Phillip Morris is there.
- cbg0 5y ago"Bent over in all directions" is a bit of an exaggeration, most countries nowadays abide by various conventions to prevent money laundering & terrorism funding, since the G7 founded the FATF https://en.wikipedia.org/wiki/Financial_Action_Task_Force https://en.wikipedia.org/wiki/Financial_Action_Task_Force
- the-dude 5y agoThe US beat them in to submission you mean.
- zxcvbn4038 5y agoIronic since the US is more or less the world leader for money laundering and tax evasion. It also bothers me that the US has spent billions of dollars over the past several decades fighting narcotics just to turn around and make them legal. They must have passed the "It's Ok When We Get Our Cut" Act when I wasn't looking.
- kazoomonger 5y agoTHC is still illegal at the federal level, if that's what you mean. The federal government is just being dragged kicking and screaming into sanity by individual states that are legalizing it.
- picklebutt 5y agoYeah weird that so many American companies set up headquarters in places like Ireland when it’s so easy to evade corporate taxes here.
- raxxorrax 5y agoThat is mostly for access to the European market. Tax evasion on the domestic market works too, but differently.