Bad Credit: A Look at Switzerland’s Bank Secrecy
04/07/23 • 30 min
Tax Notes contributing editor Robert Goulder discusses the history of bank secrecy, Credit Suisse’s role in it, and the bank’s recent collapse.
For additional coverage, read these articles in Tax Notes:
- Government Goes After ‘Bank Hopping’ Couple for FBAR Penalties
- Finance Committee Says Hidden Swiss Bank Accounts Fight Isn't Over
- UBS May Have Bought Credit Suisse’s Undeclared Account Troubles
- FATCA Shortfalls Bring Calls for Elimination, Better Enforcement
- France Again Denies UBS Whistleblower’s Compensation Request
- Report: U.K. Residents Have £570 Billion Stashed in Tax Havens
Follow us on Twitter:
- Robert Goulder: @RobertGoulder
- David Stewart: @TaxStew
- Tax Notes: @TaxNotes
**
This episode is sponsored by Practising Law Institute. For more information, visit pli.edu/taxplanning23.
This episode is sponsored by the University of California Irvine School of Law Graduate Tax Program. For more information, visit law.uci.edu/gradtax/events.
***
Credits
Host: David D. Stewart
Executive Producers: Jasper B. Smith, Paige Jones
Showrunner and Audio Engineer: Jordan Parrish
Guest Relations: Alexis Hart
Tax Notes contributing editor Robert Goulder discusses the history of bank secrecy, Credit Suisse’s role in it, and the bank’s recent collapse.
For additional coverage, read these articles in Tax Notes:
- Government Goes After ‘Bank Hopping’ Couple for FBAR Penalties
- Finance Committee Says Hidden Swiss Bank Accounts Fight Isn't Over
- UBS May Have Bought Credit Suisse’s Undeclared Account Troubles
- FATCA Shortfalls Bring Calls for Elimination, Better Enforcement
- France Again Denies UBS Whistleblower’s Compensation Request
- Report: U.K. Residents Have £570 Billion Stashed in Tax Havens
Follow us on Twitter:
- Robert Goulder: @RobertGoulder
- David Stewart: @TaxStew
- Tax Notes: @TaxNotes
**
This episode is sponsored by Practising Law Institute. For more information, visit pli.edu/taxplanning23.
This episode is sponsored by the University of California Irvine School of Law Graduate Tax Program. For more information, visit law.uci.edu/gradtax/events.
***
Credits
Host: David D. Stewart
Executive Producers: Jasper B. Smith, Paige Jones
Showrunner and Audio Engineer: Jordan Parrish
Guest Relations: Alexis Hart
Previous Episode
ChatGPT Takes on Tax
Tax Notes legal reporter Caitlin Mullaney discusses ChatGPT’s understanding of tax.
For more, read "Off the Beaten Tax: Could the Robots Be Coming for the Tax Preparers?" in Tax Notes.
Follow us on Twitter:
- Caitlin Mullaney: @MullaneyWrites
- David Stewart: @TaxStew
- Tax Notes: @TaxNotes
**
This episode is sponsored by the University of California Irvine School of Law Graduate Tax Program. For more information, visit law.uci.edu/gradtax/events.
This episode is sponsored by Practising Law Institute. For more information, visit pli.edu/taxplanning23.
***
Credits
Host: David D. Stewart
Executive Producers: Jasper B. Smith, Paige Jones
Showrunner and Audio Engineer: Jordan Parrish
Guest Relations: Alexis Hart
Next Episode
Analyzing the IRS’s Inflation Reduction Act Spending Plan
Former IRS Commissioner Fred Goldberg, now with Skadden, shares his thoughts on the IRS’s strategies and proposals outlined in the recently released spending plan for the $80 billion granted by the Inflation Reduction Act.
For additional coverage, read these articles in Tax Notes:
- Werfel to Address IRS Budget and Filing Season at Senate Hearing
- Scholar Suggests Reforming IRS Over Spending More on Enforcement
- Foreign Taxpayers Cautiously Optimistic About IRS’s Payment Plan
- Everybody Wins Under IRS’s New Compliance Model, Observers Say
- Long-Awaited IRS Spending Plan Still Lacks Key Details
- IRS Spending Plan Puts Emphasis on Centralizing Activities
- Analysis: Transforming How the IRS Serves Taxpayers
Follow us on Twitter:
- Jonathan Curry: @jtcurry005
- David Stewart: @TaxStew
- Tax Notes: @TaxNotes
**
This episode is sponsored by Practising Law Institute. For more information, visit pli.edu/taxplanning23.
This episode is sponsored by the University of California Irvine School of Law Graduate Tax Program. For more information, visit law.uci.edu/gradtax/events.
***
Credits
Host: David D. Stewart
Executive Producers: Jasper B. Smith, Paige Jones
Showrunner and Audio Engineer: Jordan Parrish
Guest Relations: Alexis Hart
Tax Notes Talk - Bad Credit: A Look at Switzerland’s Bank Secrecy
Transcript
David D. Stewart: Welcome to the podcast. I'm David Stewart, editor in chief of Tax Notes Today International. This week: Can you keep a secret?
Bank secrecy is once again in the spotlight with Credit Suisse getting new scrutiny after its recent dramatic collapse. In March, the U.S. Senate Finance Committee released a report about the bank's violation of a plea deal related to tax evasion. However, this isn't the first time banking in Switzerland has been examin
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