Relevant and even prescient commentary on news, politics and the economy.

Swiss banking secrecy in the news again as germany seeks data

by Linda Beale Swiss banking secrecy in the news again as Germany seeks data The Swiss are fighting hard to maintain their edge in providing tax evasion services for the euro zone and the US. In spite of the modest changes to the US-Swiss tax convention, we can expect difficulty in acquiring information from Swiss […]

Swiss banks, hedge funds? assist with tax evasion

by Linda Beale Two “R”s in the news: Rachel Alexandra and Rudolf Elmer–Swiss banks, hedge funds? assist with tax evasionMaybe the world is looking up. A filly has won the Eclipse Award for Horse of the Year, by a whopping 130 votes to second runner Zenyatta’s 90 votes. I’ve always had a soft spot in […]

SILOs –more action needed?

Tax advantaged “sale-leasebacks” with strapped-for-cash municipalities (SILOs, in the ever-present tax acronym set) came back to light when the Washington Metro train crashed a week ago. The cars were ones that were involved in the metro authority’s SILO deals with various banks, and the authority didn’t have any spare cash left to fund replacements. See […]