bank-secrecy

Besides the cheese-like, full-of-holes bank-secrecy tradition, the Swiss have a less publicized secret: They uniquely practice direct democracy through referenda and initiative.

Swiss Direct Democracy: Good; Now What About California's? Reuven Brenner 2010

Other countries, particularly in Europe, subsequently put heavy pressure on Switzerland—the world's largest offshore center—to loosen its bank-secrecy laws and stop sheltering tax evasion.

Switzerland, U.S. Discuss Tax Pact Deborah Ball 2011

Switzerland has been under pressure in recent years to stop allowing foreigners to use its strict bank-secrecy laws to avoid taxes.

Julius Baer to Settle German Probe for $72 Million Deborah Ball 2011

Other countries, particularly in Europe, subsequently put heavy pressure on Switzerland to loosen its bank-secrecy laws and stop sheltering tax evasion.

U.K., Switzerland Seal Deal on Tax Evasion Alistair MacDonald 2011

For decades, however, the country was a favorite destination for illicit assets spirited away by dictators such as Philippine President Ferdinand Marcos, Nigerian leader Sani Abacha and Zaire's President Mobutu Sese Seko, among others, who hid behind the country's bank-secrecy laws.

Switzerland Freezes Mubarak Regime Assets Deborah Ball 2011

Other countries, particularly in Europe, subsequently put heavy pressure on Switzerland—the world's largest offshore center—to loosen its bank-secrecy laws and stop sheltering tax evasion.

Germany, Switzerland Resolve Taxation Rift Mary M. Lane 2011

Luxembourg's bank-secrecy laws have helped the country grow into a major European financial center.

Deutsche Börse Unit Sued Over Alleged Iran Funds Jay Solomon 2011

The case was sealed by a judge both for U.S. national-security reasons and to respect Luxembourg bank-secrecy laws.

Deutsche Börse Unit Sued Over Alleged Iran Funds Jay Solomon 2011

As the network of participating countries grows, "it may be that 'bank-secrecy' jurisdictions feel increasing pressure to move toward a growing international consensus on information exchange," Mr. West added.

Foreign Deal on Tax Dodging John D. McKinnon 2012

For decades, the country was a favorite destination for illicit assets spirited away by dictators such as Philippine President Ferdinand Marcos, Nigerian leader Sani Abacha and Zaire's President Mobutu Sese Seko, among others, who hid behind the country's bank-secrecy laws.

Swiss Freeze Assets Linked to Mubarak Deborah Ball 2011