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It's more insidious than that. The US is actively working on dismantling the Swiss off-shore banking system. It started with US clients and expanded from there
by csomar 10mo ago
It's more insidious than that. The US is actively working on dismantling the Swiss off-shore banking system. It started with US clients and expanded from there (see: https://www.privatebankerinternational.com/news/hsbc-swiss-private-bank-cuts-middle-eastern https://www.privatebankerinternational.com/news/hsbc-swiss-p...)
Guess where all these un-banked HNWI are going and who is offering them a gold card to run their businesses from?
- rwmj 10mo agoNo idea, where will they go? Dismantling off-shore banking is generally a good thing since I'd like the ultra rich to pay tax as that funds services that I use.
- csomar 10mo ago> No idea, where will they go? Most likely, the US. > Dismantling off-shore banking is generally a good thing since I'd like the ultra rich to pay tax as that funds services that I use. There are lots of uses to off-shore banking than tax-evasion. In fact, I don't think it's feasible to use any modern (CRS/FATCA compliant) banking for tax-evasion.