French crackdown on tax cheats ‘to accelerate’
"He added there would be no amnesty for those with hidden bank accounts in Switzerland, the wealthy Alpine nation long accused of protecting the privacy of its clients over obligations to tax authorities in other nations. The finance minister's remarks came in the wake of a deal signed on Thursday in Paris between the countries that means inheritances will be taxed where the recipient, rather than the deceased, is living. The minister stressed he had no desire to harass the Swiss, over bank secrecy, but said he wished the country might become 'more European' and less isolated in its outlook." Continue reading →