RT THE ECONOMIST Lifting the veil - The Tax Justice Network, - TopicsExpress

RT THE ECONOMIST Lifting the veil - The Tax Justice Network, published its 2013 Financial Secrecy Index (FSI) The latest FSI, released on November 7th, shows Switzerland once again at the top of the list, with a score little changed from 2011 (Zurich is pictured above). Though the Swiss have made some concessions, especially to America, these appear so far to have put only small dents in their overall financial-secrecy framework. Meanwhile, they have been striving to block or delay multilateral transparency initiatives. The government did recently agree to sign an OECD tax convention, but this calls only for “on request” (not automatic) exchange of information. Still, it would bring down the Alpine country’s secrecy score a bit, if ratified. economist/blogs/schumpeter/2013/11/index-financial-secrecy

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