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Name: Yiling
Age: 14
School: Anderson Secondary
Birthday: 1 May 1990

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Friday, February 02, 2007

"Bank secrecy does not protect crime money."

Okay i've decided to go be a spokeperson for
the swiss banks today!

Cause im bored now & i would like to encourage more people
to bank with the Swiss! : D

&&& today was a shitty day anyway,
one wallet & one ipod missing.
& someone stole the drill in our house!
like, WTH MAN!

Okay back to the banks!

You know why we love the swiss so much?
Its because of this.
---------------------
Swiss bankers are under obligation to keep any information about you or your account strictly confidential.

This bank secrecy is among the strictest in the world and stems from an age-old historical tradition. It is established in Swiss law. Any banker who reveals information about you without your consent risks several months in prison.

The only exceptions to this rule concern serious crimes such as gun smuggling and drug trafficking.

Bank secrecy is not lifted for tax evasion. This is because failure to report income or assets is not considered a crime in Switzerland. As such, neither the Swiss government, nor anyother government, can obtain information about your bank account. They must first convince a Swiss judge that you have committed a serious crime punishable by the Swiss Penal Code.

Bank secrecy will not be lifted for private matters such as inheritance or divorce if you have kept your banking information strictly confidential. It is up to plaintiffs to prove that the account exists if they wish the judge to pursue the case. In this respect, the numbered account provides the maximum degree of confidentiality.


Swiss bank secrecy is not lifted for tax evasion, even upon the request of a foreign government.

The failure to report or underestimation of income or assets on a tax return are not considered a crime in Switzerland.

The Swiss are unique in that they attach greater importance to the respect of private life than they do to taxation. Banks do not have the right to inform the Swiss tax authorities. They have even less right to inform foreign tax authorities.

As Switzerland does not consider tax evasion to be a crime, it does not comply with any requests for judicial cooperation (also known as mutual assistance) from other governments.

A clear distinction must be made between tax evasion and tax fraud. Tax fraud (falsified documents, sharp practice) is considered a crime in Switzerland as well. In this case, bank secrecy can be lifted by a judge with jurisdiction and judicial cooperation can be granted.



Thats why we like.

HEHEHEHEHEHHEEHHEEEHEHEH : D

Im too full;
just came back from dinner at Swissotel: Merchant Court.

I ate too much;
Eeeeks.

AHAHAH : D


"Switzerland does not levy any taxes on Swiss bank accounts owned by non residents."'

I miss you, asshole.

11:36 PM
isaac

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