Whats India doing with a Trillion dollars in a swiss bank account?
For many, the thought of a Swiss bank account conjures images of organized crime, smuggling, and embezzling. These images are clearly influenced by the media, but the underlying principle is based in fact. In movies, people utilize Swiss bank accounts because they are virtually untraceable. While law dictates that this is clearly not the case in instances of smuggling and organized crime, the Swiss banking system takes great pride in the amount of privacy given to customers with private accounts, leading many to wonder exactly how to open a Swiss bank account of their own. Because Switzerland is a sovereign nation that has maintained neutrality throughout major wars, they have enjoyed a stable economy that has truly allowed their banking sector to flourish. Over 1/3 of global funds that are held offshore, or outside their country of origin, are held in Swiss bank accounts. The banking and financial industry accounts for over five and a half percent of the Swiss work force and in 2007 t
