The German tax inquiry is spreading across Europe

Serge Gumy explains that Switzerland is indirectly targeted by Germany's attacks against Liechtenstein. "Convinced that the storm is bound to break-out over our heads at one time or another, the future leader of the Swiss Socialist Party, Christian Levrat, considers that our country can only survive EU pressure if it resolves to finally pursue the tax evasion that its banks largely thrive on. This would basically boil down to breaking banking secrecy. With his propositions, Christian Levrat is attacking the Swiss safe from the inside, he is even drilling a hole that Brussels might leap through. ... Breaches of the legendary banking secrecy are multiplying, in the name of the struggle against terrorism, for example. The end of banking secrecy is thus only a question of time. Switzerland would therefore be well-advised to succumb to the way the wind is blowing, otherwise it might break."

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