France Strikes Deal with Swiss Banks to Catch Tax Cheats

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	France Strikes Deal with Swiss Banks to Catch Tax Cheats

zizzy

8-31-2009 3:09 PM

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zizzy says:

Instilling morality in capitalism.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/071bb0f9-7c90-440d-9ea7-eac69c65e426/C9E132EB-87D1-4439-B992-7AFAE166779A/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://dealbook.blogs.nytimes.com/2009/08/31/france-pursues-tax-cheats-using-swiss-banks/" href="http://dealbook.blogs.nytimes.com/2009/08/31/france-pursues-tax-cheats-using-swiss-banks/" style="font-size: 11px;">dealbook.blogs.nytimes.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://dealbook.blogs.nytimes.com/2009/08/31/france-pursues-tax-cheats-using-swiss-banks/">Just days after France reached a new tax treaty with Switzerland, a French government official said the authorities had achieved a breakthrough in obtaining Swiss bank account data amid a push to catch tax cheats</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://dealbook.blogs.nytimes.com/2009/08/31/france-pursues-tax-cheats-using-swiss-banks/">We have obtained the names of 3,000 Swiss bank account holders, of which a part very probably corresponds to tax evasion</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://dealbook.blogs.nytimes.com/2009/08/31/france-pursues-tax-cheats-using-swiss-banks/">These accounts, at three banks, represent a total value of around 3 billion euros,” or about $4.3 billion</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://dealbook.blogs.nytimes.com/2009/08/31/france-pursues-tax-cheats-using-swiss-banks/">This is the first time we’ve had this type of information, precise, with the names, account numbers and the amounts deposited. It’s exceptional.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://dealbook.blogs.nytimes.com/2009/08/31/france-pursues-tax-cheats-using-swiss-banks/">the French economy minister, Christine Lagarde, and the Swiss president, Hans-Rudolf Merz, signed a revised tax treaty, long sought by Paris, that updated the two countries’ 1966 agreement to conform with the latest international standards set by the 30 nations of the <A title="More articles about Organization for Economic Cooperation and Development" class="tickerized" href="http://topics.nytimes.com/top/reference/timestopics/organizations/o/organization_for_economic_cooperation_and_development/index.html?inline=nyt-org">Organization for Economic Cooperation and Development</A>.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://dealbook.blogs.nytimes.com/2009/08/31/france-pursues-tax-cheats-using-swiss-banks/">The battle against tax havens is an essential element to instilling morality in capitalism</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/C9E132EB-87D1-4439-B992-7AFAE166779A/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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