Uncovering the Fight Against Tax Evasion: A Journey to Victory and the Demise of Bank Secrecy in Switzerland

2023-06-05 17:07:37

“Switzerland almost won the game.” The country would have been on the verge of keeping its banking secrecy in the early 2010s, says Pascal Saint-Amans in a book* which recounts his career as a destroyer of tax havens. The former head of taxation at the OECD, now professor of tax policy at the University of Lausanne, details the battles, strategies and twists that marked his fifteen years of fighting tax evasion. A long road seen as a game of patience, in which each success makes it possible to embark on a harder, faster, more dangerous level, to end up with the establishment of the automatic exchange of information and a minimum tax 15% for large international companies. A game in which the victory against bank secrecy was a decisive milestone. Which might have never happened.

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#banking #secrecy #Pascal #SaintAmans

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