Tag Archives | OECD

Swiss Offshore Banking Still Strong Says Top Swiss Bank Official

Swiss Offshore Banking is still in a strong position according to the chairman of Swiss Bank Julius Baer, Raymond Baer. His statement comes as international investors fear for the privacy of their Swiss bank accounts following Switzerland’s decision to adopt OECD regulations regarding information exchange. “International clients will continue to appreciate the financial privacy traditionally […]

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 Singapore

Tax Evasion Crackdown in Singapore Expected

Investors looking to avoid the EU Savings Tax Directive by moving to Singapore may have pulled the short straw. Under pressure from OECD countries over its impressive bank secrecy, Singapore has looked to buckle up with its senior finance minister denying that it is a tax haven, and encouraging further OECD cooperation. The mininster for […]

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