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1. Even if he'd be mad enough to put 60B in one bank(-account), it's strictly forbidden for anyone who could access such information to divulge it. In reality,
by em500 4y ago
1. Even if he'd be mad enough to put 60B in one bank(-account), it's strictly forbidden for anyone who could access such information to divulge it. In reality, people who need to hold very large sums of liquidity (which is a very rare requirement if you really think about it) use short term treasuries and/or the money market.
2. What's the relevance of Norways idiosyncratic laws in this discussion? In almost every other country in the world (including the most of Europe) the government / tax authorities consider such information strictly private.
- kwhitefoot 4y agoThe relevance is making people aware that secrecy is a choice not a natural law. And while it is not common it is not only Norway that does this, it's a Nordic thing, with the exception of Denmark (which has had tax scandals that would have been found out sooner had the records been public!).