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How are people able to use swiss bank to hide their money?

April 26, 2017able Bank Hide money people Swiss

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How are people able to use swiss bank to hide their money?

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This is possible because Switzerland has “bank secrecy”, which means the bank can(or must) refuse to tell how much money whose account has. While this is considered crucial for privacy protection, Switzerland is highly critized for it, because it makes tax evasion possible.