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Skeptical Debunker

Switzerland Keeping the Secrets of Alleged Tax Evaders - Yahoo! News - 0 views

  • Pick a dictator, almost any dictator - Cuba's Fulgencio Batista, the Philippines' Ferdinand Marcos, Haiti's Papa and Baby Doc Duvalier, the Shah of Iran, Central African Republic Emperor Jean-BÉdel Bokassa - and they all have this in common: they allegedly stashed their loot in secret, numbered accounts in Swiss banks, safely guarded by the so-called Gnomes of Zurich. This association - of bank secrecy and crime - has been fed into the public's imagination by dozens of books and movies. It's a reputation that rankles the Swiss, who have a more benevolent view of their commitment to privacy - one that happens to extend to tax privacy. Don't ask, because we won't tell. But the dramatic federal investigation of Switzerland's UBS has blown the lid off bank secrecy - and revealed how Swiss banks abet tax evasion on a far more widespread, if more banal, level. Over the past two decades, these secret banking services have been peddled progressively downmarket - first to the lesser-known fabulously wealthy, then to just the wealthy; more recently, private bankers have been tripping over themselves soliciting business from doctors, lawyers and other folks who are what the biz generally calls "high net worth" individuals. "The IRS has been concerned for decades that a combination of a global economy, the Internet, offshore banking, was really going to take offshore tax evasion from the old so-called 'gentlemen's sport' to tax evasion for the masses," says Mark Matthews, a former deputy IRS commissioner and now a tax attorney with Morgan, Lewis & Bockius LLP.
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    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.
James Mensah Seshie

how to create awareness for your product and make money using facebook - 0 views

Introduction to Facebook (http://fb.flexyguitar.com) Do you have a business? If you are an entrepreneur with a conventional business, you no doubt have friends who took their business online. And y...

facebook

started by James Mensah Seshie on 26 Aug 11 no follow-up yet
Leonardo Gottems

"Brazil's economic and political history is marked by interruption" - Interview with Va... - 0 views

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    Author of the books Guide to the Perfect Latin American Idiot and The Return of The Idiot, Álvaro Vargas Llosa is a well-know figure in Latin American economics and politics. An individual investor and member of The Washington Post Writers Group, Vargas Llosa is recognized by his critical view of statism and political dirigisme. At the Liberty Summit (Fórum da Liberdade), which was held in Porto Alegre, in a panel about the future of Brazil and lessons from other countries, Vargas Llosa remarked that the South American country has very good advantages compared to others...
Aaron Roberts

Choose The Best Student Loan Payment Calculator - 0 views

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    Do you have any idea about what is a student loan payment calculator and where do I discover one? Have they in reality manufactured an extraordinary calculator presently for student loans? Before you start to the student book store.
steveneliseus

IBN Bookkeeping Services - 0 views

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    Business Bookkeeping and Accounting Services for US and UK companies by IBN Technologies Limited - Pune Bangalore India
CCH India

CCH India New Book Launch: Law, Practice & Procedure of Service Tax, May 2011 - 22nd Ed... - 0 views

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    Service Tax laws pose unique and complex challenges even for the most experienced practitioners such as Lawyers, Chartered Accountants, Government Departments and Companies. That's why CCH India has come out with the 22nd edition of Law, Practice & Procedure of Service Tax, May 2011 a comprehensive two-volume treatise, which aims to cut through some of that complexity to provide an in-depth discussion and insightful analysis of all the reported judgments in the courts and tribunals and the latest notifications and circulars till date.
CCH India

CCH India releases a complete guide to Frequently asked Questions on Income Tax & Wealt... - 0 views

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    CCH India releases a complete guide to Frequently asked Questions on Income Tax & Wealth Tax. CCH India, a Wolters Kluwer company is the leading publishing and information services provider for Tax, Accounting and Legal professionals.CCH publishes a range of books in areas like Tax legislation, Accounting, Corporate Law and Management.
Alexander Kühbach

Datamonitor: Amazon.com announces availability of Kindle App for iPad - 3 views

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    Amazon.com, an online retailer, has announced that its Kindle App for iPad is now available in the App Store. According to the company, the application lets users to select from more than 450,000 books from the Kindle Store on iPad and features Amazon Whispersync technology that saves and synchronizes customers' last page read, bookmarks, notes, and highlights across their Kindle, Kindle DX, iPhone, iPod touch, Mac, iPad, and more.
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truckway

Online truck booking, Full Loads, logistics service provider: Truckway - 0 views

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    Find trucks matching your load requirements truck booking online, transport Services in Hyderabad is efficient and flexible and customer satisfaction, we have different types of tucks available in your goods size.| Truckway.in
Siddhi Infosoft

Laundry app development: Best for your Laundry business - 0 views

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    Gone are the days when people question, "Why do I need a mobile app for something that is already well-managed? Who thought people would want to get a laundry app developed? These apps offer a complete chain of washing and dry cleaning services, right from easy-booking, pick-up, and doorstep laundry delivery to choosing your detergent and the type of washing system.
Justin Pierce

Managing Finances Gets Easier - 1 views

I am totally worthless when it comes to bookkeeping. I know most of it is number crunching, and that is the problem. I am not good at numbers. I am a business owner, and it might surprise you how I...

started by Justin Pierce on 26 Nov 12 no follow-up yet
Leonardo Gottems

Timizzer Market News Eye: Amazon, Oil Prices, Google, Facebook, Daewoo, Deutsche Bank, ... - 0 views

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    Timizzer Market News Eye: Amazon, Oil Prices, Google, Facebook, Daewoo, Deutsche Bank, Shell 13/04/2012 by Leonardo Gottems
Think Inc

Service Is Having A Positive Attitude Toward's Customers - 0 views

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    Be proud of your organization and its products, you will convey confidence to your customers, an assurance to them that they are in the right hands. If you are not proud of your business, do something about it: * Find out the reasons you cannot be proud. Eliminate them one by one. * Or, find another job for your own progress in life.
Think Inc

Activity Oriented Manager Or Result Oriented Manager Self Audit Yourself Regularly - 0 views

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    During my professional career of forty plus years, I observed two types of managers-result-oriented and activities oriented. Result oriented managers were those who would plan ahead, give priority to each job to be done and then delegate many jobs and do a few jobs themselves. They are not too busy but would focus on following it up and helping where help is needed. Activities oriented are those who want to do everything themselves jumping like a monkey all day around and ending up by exhausting themselves as well making life difficult for the staff. Self-audit yourself now.
Saeed Ya

Using Site Search to Read Your Customers' Minds | E-Commerce Center - 0 views

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    Understanding the why of visitor behavior is one of the most frustrating aspects of online marketing. Fortunately, you have a potentially untapped too...
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myaddition

My-Addition outsourcing services Book-keeping, Payroll and Tax - 0 views

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    My addition provide managerial and legal outsourcing services Bookkeeping, Payroll and Tax in India, United States, United Kingdom and Australia.
slrcargoservices

How Freight Forwarders in UAE make shipping seamless - 2 views

Freight forwarding services encompass a range of crucial tasks that streamline the transportation of goods across borders. Here's a breakdown of what these services typically include: -Coordin...

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started by slrcargoservices on 04 Apr 24 no follow-up yet
Think Inc

Supply Chain Analyst | Supply Chain Management | Suplly Chain manager - 0 views

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    Elements of the Supply Chain Just-in-Time (JIT) Total Quality Management (TQM) Manufacturing Resources Planning (MRP II) Demand Planning Capacity Management. Demand Management Sales and Operations Planning Master Scheduling Measuring Business Performance.
Virtual Assistance

Virtual Personal Assistant, Concierge Services - 0 views

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    Rent A Smile is your very own personal and business assistance service. We take all those tasks off your hands that you don't particularly enjoy doing yourself so that you can do those little things that matter to you and make a difference. Right from airline ticket booking, wakeup calls, scheduling appointments and arranging a bedtime storyteller for your child, we do it all. We fill in the shoes of your personal assistant, economically. Letting us handle your chores will give you more time to do what you like doing..
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