POLITICO, Washington DC: Switzerland is taking a new tack to protect its prized banking secrecy — one that could undermine the efforts of U.S. tax authorities to snag tax evaders stashing funds offshore.
“It makes it tough for the U.S. prosecution to get whistleblowers from Switzerland,” said Max Riederer von Paar, who practices tax law in Switzerland and the U.S. “These people with this information would have to ask themselves: ‘What should I do? Come to the U.S. and get a few years on probation? But then I can’t go back to Switzerland because .....
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