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5/25/15

Tax Evasion: Switzerland publishes names of foreign tax evaders

Switzerland has reportedly published the names of foreigners wanted for tax frauds after requests from Russia, France, Germany, India and other countries. This may mark the end of Swiss bank privacy tradition, dating back to the 1930s.

After the government of Switzerland received numerous formal requests from foreign tax authorities, it decided to list the names, birthdates and nationalities of alleged tax evaders in its federal newspaper, Deutsche Welle said, citing Swiss media Sonntagszeitung.
 
The data will be publicly available on the Internet, which will allow the people on the list to protest the publication in court.

Banks have little interest in seeking customers who no longer keep their accounts in Switzerland, said Alexandre Dumas, a Swiss federal tax authority official.

Read more: Switzerland publishes names of foreign tax evaders – reports — RT Business

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