It Begins: US Plans to Tax Deposits in Swiss Accounts
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Reuters reports (via ZeroHedge) that Switzerland has reached a secret deal with the United States to assist the US government in conducted a Cyprus-style confiscation of deposits held in Swiss bank accounts. The question then is: how many of the oligarchs, Russian or otherwise, who avoided a complete wipe out and total capital controls in Cyprus, will wait to find out if the same fate will befall them in Switzerland? Or Luxembourg? Or Lichtenstein? Or Singapore?
It Begins: US Plans to Tax Deposits in Swiss Accounts
It Begins: US Plans to Tax Deposits in Swiss…
It Begins: US Plans to Tax Deposits in Swiss Accounts
Reuters reports (via ZeroHedge) that Switzerland has reached a secret deal with the United States to assist the US government in conducted a Cyprus-style confiscation of deposits held in Swiss bank accounts. The question then is: how many of the oligarchs, Russian or otherwise, who avoided a complete wipe out and total capital controls in Cyprus, will wait to find out if the same fate will befall them in Switzerland? Or Luxembourg? Or Lichtenstein? Or Singapore?