Secret swiss bank account - Open Swiss Banking Account

Go to content

Main menu:

Secret swiss bank account

Swiss Bank Account

Swiss Disclosure Deal--'No Secrets Now'

It seemed inevitable that Switzerland, once known for its discretion, had to give in to the U.S. government. With the new Swiss enabling law, legal impediments to disclosures slip away. Supplying client names and account data will occur under a treaty, but now banks will be able to do it, period.

The Swiss government said that it would allow its banks to disclose information on American clients with hidden accounts, a watershed move intended to help resolve a long-running dispute with the United States over tax evasion.

The decision, which comes amid widening scrutiny in Europe of tax havens, is a turning point in what has been an escalating conflict between Switzerland and the United States.

Eveline Widmer-Schlumpf, Switzerland’s finance minister, said the move would enable Swiss banks to accept an offer by the United States government to hand over broad client details and pay fines in exchange for a promise by United States authorities not to indict any banks.

Switzerland Weighs Deal in Tax Cases (May 28, 2013)
Disclosure of actual client names and account data, which American authorities have been aggressively seeking, would take place under a taxation treaty between the two countries that the American side has not yet ratified. Banks under criminal scrutiny that agree to cooperate with the decision could still face deferred-prosecution or nonprosecution agreements, a lesser punishment than indictment.

American clients whose names are handed over by Swiss banks but who have not voluntarily disclosed hidden accounts to the Internal Revenue Service would probably face criminal tax-evasion charges, lawyers said. Dozens of Americans have been indicted or charged in recent years for failing to disclose their accounts.

Until now, the Swiss government has been resisting cooperation because the secrecy of its banking system has long made the country an offshore money haven for wealthy foreigners.

The country is also under growing pressure from the European Union to assist in ferreting out citizens who have sheltered money using offshore private banking services. Switzerland is not a member of the European Union, but nations including France and Germany have tired of watching their citizens squirrel away cash with impunity right across their borders.


That’s a relief, since many employees have faced pressure from the U.S. to disclose, with opposing pressure under Swiss law to clam up. American authorities have indicted several dozen Swiss bankers, lawyers and financial advisers. In some cases these foreign nationals have never set foot in the U.S.

Will the legal change mean more disclosures of American names? Yes, but a bigger change will be the easing of tensions in Swiss banks. They can finally start working out deals with the U.S. Soon, they can hand over broad client details and pay fines in making deals with U.S. authorities.


 
Privacy Policy for http://www.swissbankingaccounts.com If you require any more information or have any questions about our privacy policy, please feel free to contact us by email at policy2k@gmail.com. At http://www.swissbankingaccounts.com, the privacy of our visitors is of extreme importance to us. This privacy policy document outlines the types of personal information is received and collected by http://www.swissbankingaccounts.com and how it is used. Log Files Like many other Web sites, http://www.swissbankingaccounts.com makes use of log files. The information inside the log files includes internet protocol ( IP ) addresses, type of browser, Internet Service Provider ( ISP ), date/time stamp, referring/exit pages, and number of clicks to analyze trends, administer the site, track user’s movement around the site, and gather demographic information. IP addresses, and other such information are not linked to any information that is personally identifiable. Cookies and Web Beacons http://www.swissbankingaccounts.com does use cookies to store information about visitors preferences, record user-specific information on which pages the user access or visit, customize Web page content based on visitors browser type or other information that the visitor sends via their browser. DoubleClick DART Cookie .:: Google, as a third party vendor, uses cookies to serve ads on http://www.swissbankingaccounts.com. .:: Google's use of the DART cookie enables it to serve ads to users based on their visit to http://www.swissbankingaccounts.com and other sites on the Internet. .:: Users may opt out of the use of the DART cookie by visiting the Google ad and content network privacy policy at the following URL - http://www.google.com/privacy_ads.html Some of our advertising partners may use cookies and web beacons on our site. Our advertising partners include .... Google Adsense These third-party ad servers or ad networks use technology to the advertisements and links that appear on http://www.swissbankingaccounts.com send directly to your browsers. They automatically receive your IP address when this occurs. Other technologies ( such as cookies, JavaScript, or Web Beacons ) may also be used by the third-party ad networks to measure the effectiveness of their advertisements and / or to personalize the advertising content that you see. http://www.swissbankingaccounts.com has no access to or control over these cookies that are used by third-party advertisers. You should consult the respective privacy policies of these third-party ad servers for more detailed information on their practices as well as for instructions about how to opt-out of certain practices. http://www.swissbankingaccounts.com's privacy policy does not apply to, and we cannot control the activities of, such other advertisers or web sites. If you wish to disable cookies, you may do so through your individual browser options. More detailed information about cookie management with specific web browsers can be found at the browsers' respective websites.
Back to content | Back to main menu