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Pressure increases on Swiss banks to end secrecy

China Daily | Updated: 2008-12-12 07:44

More than a decade after holocaust survivors won compensation from Swiss banks for emptying Jewish accounts that had lain dormant since the war, the pressure is on again to dismantle Swiss banking secrecy.

This time, the tax collector is leading the charge.

With Washington joining Germany to press for an end to a code they believe helps tax dodgers, many see it as only a matter of time before the Swiss lift the cloak guarding the secrets of the world's wealthy.

Pressure increases on Swiss banks to end secrecy

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