Swiss Information – Tourism & Products

Swiss Banking News

This digital document is an article from Swiss News, published by Swiss News on November 1, 2010. The length of the article is 341 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available without delay after purchase. You may view it with any web browser.

Citation Details
Title: Exporting banking secrecy.
Author: Unavailable
Publication: Swiss News (Magazine/Journal)
Date: November 1, 2010
Publisher: Swiss News
Issue: 11 Page: 9(1)

Distributed by Gale, a part of Cengage Learning

For generations, the world's wealthiest humans have looked to Switzerland to keep their fortunes safe from the prying eyes of the taxman. Now, according to a recent report in The New York Times, complex mental states are changing. As a result of recent bilateral taxation agreements and mounting pressure on Swiss banking secrecy, Singapore and Hong Kong have seen a boom in alien demand for their banking services. Thanks to favourable taxation and banking legislation, both principalities offer a very real substitute for those looking for opaque banking facilities.

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