Tuesday, October 6, 2009

Swiss Offshore Bank Account Tax Fraud

Swiss Offshore bank accounts do not offer bank secrecy per say. What they do offer, is security under Swiss law that about the confidentially of Swiss bank accounts.

The Swiss love their privacy and have shown it many time by voting against any law that would remove restrictions of access to documents which remove privacy, considered by all citizens of Switzerland as a violation of their basic rights.

The Swiss government has the right to open the records of any Bank account that any link to a person who may have committed a crime under Swiss Law. Tax avoidance is not a crime in Switzerland and the Bank secrecy of your account will not suffer.

Swiss law does make a distinction tax evasion and tax fraud, Use your offshore Swiss bank account for legal business.