What Is a Swiss Bank without Bank Secrecy? And Does Anyone Tell New Citizens About US Worldwide Taxation Rules?
Lite-blogging Ken notes the front page WSJ story today, "Swiss Banks Freeze Out US Clients," July 21, 2009. The freeze-out is a response to UBS and its fight with the IRS, which wants information on US taxpayers (not necessarily just citizens). I have two questions, neither of which I will try to answer: First, what is the competitive advantage of a...