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Swiss craftsmanship

October 05, 2009

Reports of the death of Switzerland as a tax shelter may be exaggerated, reports Jack Townsend at Federal Tax Crimes blog:

Switzerland has demonstrated over and over that it will protect its premium franchise in the tax haven business, so that it can continue -- perhaps not at the same level -- to enable taxpayers in other countries evade taxes for a fee that includes a healthy share of the taxes evaded for its enablement services.

Not much comfort for the UBS account holders. By the way, the IRS offshore amnesty expires in another ten days.