View all newsletters
Have the short, sharp Spear's newsletter delivered to your inbox each week
  1. Wealth
February 15, 2010

WBrief: Tax haven fightback unco-ordinated

By Spear's

European international financial centres under pressure to open up their affairs to foreign governments hunting alleged tax cheats appeared to lack a specific plan on how to fight back following high-level talks in Luxembourg at the weekend, according to Reuters.

European international financial centres under pressure to open up their affairs to foreign governments hunting alleged tax cheats appeared to lack a specific plan on how to fight back following high-level talks in Luxembourg at the weekend, according to Reuters.

Swiss Finance Minister Hans-Rudolf Merz met ministers from Luxembourg and Austria, the only two European Union states that still retain bank secrecy, and the prime minister of Liechtenstein during closed-door talks in Senningen.

Meanwhile, Agence France-Presse, said that a member of the Swiss parliament, Alfred Heer, who is of the far-right Swiss People’s Party, has told the daily newspaper Bild that top German public officials had secret bank accounts in Switzerland. Mr Heer has threatened to out them if Germany purchased stolen data from Swiss-based banks.

Germany has angered Switzerland by agreeing to purchase a stolen disc containing the names of 1,500 Swiss account holders who may have sought to evade taxes via Swiss accounts. The German government is reported to have moved to pay €2.5 million to buy data from an anonymous whistle-blower.

To read the full story, visit wealthbriefing.com

Content from our partners
Why investors should consider investing in nature
HSBC Global Private Banking: Revisiting your wealth plan as uncertainty abounds
Proposed non-dom changes put HNW global mobility in the spotlight

Select and enter your email address The short, sharp email newsletter from Spear’s
  • Business owner/co-owner
  • CEO
  • COO
  • CFO
  • CTO
  • Chairperson
  • Non-Exec Director
  • Other C-Suite
  • Managing Director
  • President/Partner
  • Senior Executive/SVP or Corporate VP or equivalent
  • Director or equivalent
  • Group or Senior Manager
  • Head of Department/Function
  • Manager
  • Non-manager
  • Retired
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
Thank you

Thanks for subscribing.

Websites in our network