The governments of both the United States and Switzerland, along with international banker UBS, have asked that the legal process to uncover Americans’ secret Swiss bank accounts a href="http://news.yahoo.com/s/ap/20090712/ap_on_bi_ge/us_ubs_secrets;_ylt=AnqWZaXUOsk3S6PaDPn23.kUewgF;_ylu=X3oDMTJ1NmtvODQzBGFzc2V0Ay9hcC8yMDA5MDcxMi9hcF9vbl9iaV9nZS91c191YnNfc2VjcmV0cwRjcG9zAzUEcG9zAzUEc2VjA3luX3RvcF9zdG9yaWVzBHNsawN1c3N3aXNzYXNrZm8-"be put on hold/a pending the result of continuing settlement talks.br /br /Hmm. If a real settlement results, OK. But, given the neoliberal Obama Administration being larded up with Wall Street friendlies, etc., I won’t hold my breath on that 100 percent.div class="blogger-post-footer"There is no god and I am his prophet.img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/7532871-7491165313027724438?l=socraticgadfly.blogspot.com'//div
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The US is embarassing itself by trying to get another country to break its laws just to please us.
The US should keep our nose out of other countries business. We should not bully the Swiss. Obama said “we will have a new public image with foreign countries. “We will listen and learn and not dictate our policies to other countries” (paraphrasing) A typical politicians lies. I am sure he meant that statement with countries who might slap us back, like North Korea,etc.
If the Swiss had the “bomb” the US would not be demanding anything from them. But as the Swiss cannot fight back, we will roll them over with our power.
If the Swiss demanded we turn over the names of Swiss citizens to their country that have accounts in our banks, we would laugh at them. It would be against out “privacy laws”. How about if Iran demanded the names of their citizens that are living or visiting the US that are breaking their laws i.e partying, dressing sexy, dancing,etc. (a crude example, but you get the picture) The US is a tax haven for foreign investors. Non resident aliens pay no tax on interest earned in US banks. If we are successful in getting the Swiss to release those names, the EU countries will use that as a precedent to get the names of their citizens that are banking in the US. Then those EU citizens will take their money out of our banks and our banks, economy will COLLAPSE!
We need the low tax countries to keep tax competition alive, Without tax competition, governments all over the world, including the US can raise taxes with no recourse. go to http://www.cato.org
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