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Greece: Hunting Wealthy Tax Evaders

The federal investigation into UBS, which led to a $780 million fine and an agreement to turn over the names of more than 4,450 suspected tax cheats, is now in tatters after Swiss courts ruled against the executive-branch deal. To get around it, a special law has been proposed to accomplish the handoff, but that may not get anywhere in the legislature either. One outcome is already known: tax evasion had become a key service of the Swiss economy, not some isolated event. "They have been outed completely because a very large chunk of their business has been shown to include people cheating on taxes," says Jack Blum, a tax-haven expert. Being "reasonably conservative," he estimates 30% of Swiss banking is related to tax evasion, a figure that jibes with recently released bank data. These revelations come as the financial meltdown has punched a huge hole in projected revenues for governments, which are suddenly a whole lot less tolerant of tax cheats. That's particularly true in Germany, whose wealthy account for a significant portion (at least 10%) of the $1.8 trillion in Swiss banking assets. That translates into hundreds of millions in lost revenue and is the reason the German Finance Minister recently thundered, "There's no future for bank secrecy. It's finished. Its time has run out." The Swiss are not going to be so easily convinced. The Swiss government has already warned that it will not cooperate with German authorities if they go ahead with plans to purchase purloined data about Germans with Swiss bank accounts.

[Business , Markets , Stock ] Today's "Eye" reveals about Barclay's deferred pay. Merril Lynch is preparing major changes for wealthy customers. Spanish banks are ready to be bailed out by the European Union. As a result of this economic … more

Litchi is a highly rich nutrient fruit. It contains a high amount of soluble fiber known as pectin which is beneficial to protect from colon cancer. It contains a good amount of antioxidants that protect the body from carcinogens. Carcinogens are free radicals that are produced in the body due to oxidative stress. So litchi is effective to protect from cancer, ageing, arthritis and degenerative disease. Also, it is a great source of potassium which is important for maintaining blood pressure. Along with these, it contains a high amount of other nutrients that promotes health. So, know the amazing litchi health benefits and nutrition facts. Litchi is a small fruit with a sweet smell and taste, which is available in the summer. It is a small fruit packed with healthy nutrients. It has rough skin outside while contains juicy flesh inside. Describe Some Goods Health Benefits and Nutrition Facts 1. Cancer: Litchi has anti-cancer properties. This fruit has flavonoids in the pulp which helps to fight fatal and lethal diseases like cancer. It contains Flavones, quercitin and kaemferol which are powerful compounds in reducing the proliferation of cancer cells. Litchi fruit provides impressive anti breast cancer properties. 2. Heart Disease: Litchi normalizes the blood pressure and heart rate thereby protecting against strokes and coronary heart diseases. 1 glass of litchi juice daily normalizes the heartbeat. Litchi contains the second highest degree of polyphenols which promotes heart health. 3. Vitamin C: Litchi is an excellent source of Vitamin C, a vitamin that body does not produce naturally. Consumption of foods rich in Vitamin C helps the body to develop resistance against infectious agents and scavenge harmful pro inflammatory free radicals 4. Weight loss: Litchi is quite low in calories, contains no saturated fats or cholesterol and is rich in dietary fiber which is very significant for people who want to lose weigh 5. Maintains healthy bone

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