Monday, February 22, 2010

Swiss minister questions tax evasion rule

From Reuters:

"Switzerland's justice minister questioned on Sunday whether tax evasion should continue to be treated as a misdemeanour rather than a crime, in another blow to the country's cherished banking secrecy.

Switzerland has already abandoned the distinction between tax evasion -- failing to declare your income or wealth to the taxman -- and tax fraud -- deliberately misleading the revenue -- for foreigners investing money in the country."

More incremental progress. A long way still to go. A separate Reuters story examines the changing mood here.


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