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a former Swiss banker giving info for possible tax evaders to wikileaks , thoughts?

LONDON – A former Swiss banker was on Monday due to hand over files to WikiLeaks which he alleges detail attempts by wealthy business leaders and lawmakers to evade tax payments.

Rudolf Elmer, a former employee of Swiss-based Bank Julius Baer, told Britain's Observer newspaper on Sunday that the documents include details of about 2,000 accounts held in offshore financial centers. He says the account holders include "high net worth" celebrities, business leaders and lawmakers from the U.S., Britain and Asia.

Elmer, who has previously leaked banking documents to the secret-spilling site, was scheduled to hold a news conference later Monday at London's Frontline Club with a WikiLeaks representative. Vaughan Smith, the owner of the Frontline Club, said he couldn't say who the representative would be.

Answer Question
 
sweet-a-kins

Asked by sweet-a-kins at 8:21 AM on Jan. 17, 2011 in Politics & Current Events

Level 34 (67,502 Credits)
Answers (34)
  • sweet-a-kins

    Comment by sweet-a-kins (original poster) at 8:22 AM on Jan. 17, 2011

  • I think have seen him interviewd before. If it is the same guy he loves the attention. He is not doing it for anything more than gaining himself more than his 15 minutes.
    zebbiebug

    Answer by zebbiebug at 8:25 AM on Jan. 17, 2011

  • Obama did that just by making appointments.
    Carpy

    Answer by Carpy at 8:42 AM on Jan. 17, 2011

  • no thoughts, just points
    jewjewbee

    Answer by jewjewbee at 8:57 AM on Jan. 17, 2011

  • So this Elmer guy would be doing this for the "embarrassment factor?!" Because if there was anything illegal about having Swiss Bank Accounts, then why wouldn't he turn these people in to the authorities?! I'm thinking he just wants to make a name for himself. What would he have done if WikiLeaks (or the equivalent) never existed?! Would he have just sat on this information forever?!

    Imagine the "horror" of people placing their already taxed income into legal offshore accounts!! (sarcasm)
    LoriKeet

    Answer by LoriKeet at 9:03 AM on Jan. 17, 2011

  • sweet-a-kins

    Comment by sweet-a-kins (original poster) at 9:07 AM on Jan. 17, 2011

  • "Most of us would like to be able to say, "Okay, I'll just wire the money from my Swiss bank account," because it is widely believed that Swiss bank accounts are only for the very wealthy. Hold on. Swiss bank accounts aren't just for millionaires, criminals or government officials trying to hide ill-gotten wealth, or celebrities protecting their assets from former spouses. Almost anyone with as little as $5,000 can open an account in Switzerland. And it is perfectly legal to do so. Lots of average people like you and me have Swiss bank accounts."


    http://law.freeadvice.com/estate_planning/asset_protection/asset-protection-swiss-bank-accounts.htm


    Only those who believe tired and worn liberal talking points believe there is some "nefarious" about having a Swiss Bank Account.

    LoriKeet

    Answer by LoriKeet at 10:14 AM on Jan. 17, 2011

  • And also from the link above...it's no wonder this Elmer character is a FORMER Swiss banker..


    "There is an important difference between bank accounts in the U.S. and those in Switzerland in terms of privacy. If your aim is asset protection and security, Switzerland has it all over the United States. In fact, people who live in countries with unstable governments and banks in particular often turn to Swiss banks because of their banking security and privacy laws. In Switzerland, if a banker divulges information about a bank account, even the existence of the account, without permission from the account holder, immediate prosecution is begun by the Swiss public attorney. Bankers face up to six months in prison and a fine of up to 50,000 Swiss francs."

    LoriKeet

    Answer by LoriKeet at 10:16 AM on Jan. 17, 2011

  • Only those who believe tired and worn liberal talking points believe there is some "nefarious" about having a Swiss Bank Account.


    and only the uneducated think that many wealthy people are using those accounts to hide money and avoid taxes...as with the links I provided that the swiaa banks finally are somewhat cooperating with the government and turning over at least 100 tax evaders

    sweet-a-kins

    Comment by sweet-a-kins (original poster) at 10:16 AM on Jan. 17, 2011

  • The U.S. and Switzerland detailed an agreement Wednesday for the IRS to receive information on thousands of accounts in banking giant UBS AG - accounts suspected of holding Americans' undeclared assets.


    The agreement breaks through the famed Swiss tradition of banking secrecy and is expected to prod thousands more UBS clients in America to voluntarily disclose their financial details to the Internal Revenue Service, lest they be pursued later.


    http://www.knoxnews.com/news/2009/aug/20/swiss-banks-make-deal/


     

    sweet-a-kins

    Comment by sweet-a-kins (original poster) at 10:18 AM on Jan. 17, 2011

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