The official end of Swiss bank secrecy

[boglerdude]

There should be a reality TV show where libertarians/ancaps start their own country with no police or wealth redistribution. They'd shoot from their bunkers at anybody who tried to turn around in their driveway etc

[Libertarian666]

There should be a reality TV show where libertarians/ancaps start their own country with no police or wealth redistribution. They'd shoot from their bunkers at anybody who tried to turn around in their driveway etc

Assuming that isn't a joke, you really need to learn more about anarcho-capitalism.
A good place to start (other than his bogus IP theory) is A Spontaneous Order: The Capitalist Case for a Stateless Society (https://www.amazon.com/dp/1512117277).

[dualstow]

a casual search turned up this bit from Italy’s Corriere della Sera

A “glass safe”
The list of questionable characters whose financial assets have been entrusted to Swiss banks is long: in addition to accounts held by the already mentioned Mobutu (Zaire), Marcos (Philippines), Gaddafi (Libya) and Duvalier (Haiti), there are those linked to the former tyrant of Tunisia, Ben Ali, and Egypt’s Hosni Mubarak. But the list of “politically exposed” figures also includes the former Malaysian prime minister Najib Razak, and the daughter of the Uzbek prime minister. After the abolition of banking secrecy rules, bilateral arrangements for the taxation of capital from abroad and the forthcoming international automatic exchange of bank data, will Switzerland become once and for all a “glass safe”? There is still some way to go, and some non-profit organisations point out that the new law does not restrict money coming into the accounts, which is too often accepted unquestioningly.

- 2015

[jhogue]

Dualstow,

I find it ironic that an Italian newspaper complains about high profile foreigners hiding their ill-gotten gains in Swiss banks.

It is common knowledge in Italy that (literally) millions of Italians hide money in Swiss banks because they historically have not trusted their own country’s government and banks.

Of course, if Mussolini was the head of my government, and if my currency was depreciating like the Italian lira did, I think I would be looking for some nearby country to hide my assets too.

[dualstow]

That is ironic. But of course, the newspaper is not complaining, and it spends a fair amount of time criticizing domestic goings-on.

They used to say that baseball was America’s national pastime and Italy’s was tax evasion.