Swiss bank secrecy is no longer what it used to be

HERE’S THE INTERESTING PART

Hollywood villains need to find a new place to stash their illicit funds. The romanticized era of opening a numbered, completely anonymous Swiss bank account to hide from the IRS is dead. Under aggressive international pressure and modern tax treaties, Switzerland completely abandoned its banking secrecy laws. Today, those Alpine vaults will gleefully hand your data over to foreign tax authorities.

From the Stacky collection1 min read

Swiss bank secrecy is no longer what it used to be — STACKY / Economy

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A bigger world.One discoveryat a time.

Keep exploring

Why you calculate taxes the government already knows

Citizens of Ivory Coast pay a theoretical tax rate of over sixty percent on their corporate income

The IRS has tax rules for outer space

Automated teller machine inventor John Shepherd-Barron came up with the revolutionary concept while sitting in the bathtub agonizing over the fact that his bank branch was closed on weekends.

Apple's Irish tax rate fell to 0.005%

Fort Knox holds less than half of America’s gold

A bigger world.
One discovery
at a time.