I revoke my previous apology to the Swiss, and reiterate my previous disapproval. As evidenced by the latest outcome in the U.S. tax case involving UBS, we have moved beyond troubling and into something much worse.
...the world’s largest wealth manager in terms of assets, agreed to pay a $780 million fine and disclose information about some of its clients to settle a landmark U.S. tax case.
As I said in my older post: “In direct contradiction to their own legal view of tax evasion. …
As yesterday’s New York Times reports. Lost in the universal focus on the credit crisis, we have seen a somewhat troubling change taking place in Switzerland’s longtime bank secrecy laws.
Switzerland’s tax authorities, under pressure from a growing United States investigation into the Swiss bank giant UBS, are expected to hand over confidential data on wealthy American clients of UBS to the Justice Department, two people briefed on the matter said Tuesday.
The move would represent a significant shift in Switzerland’s banking…
The latest attack on anonymous online speech comes from Kentucky State Rep. Tim Couch (R), who proposed legislation last week to ban posting anonymous messages online. Couch’s bill requires users to register their true name and address before contributing to any discussion forum, with the stated goal of cutting down on “online bullying.”
The right to speak anonymously is protected by the First Amendment, and the Kentucky proposal raises serious Constitutional questions. In Talley v. California, the U.S. Supreme Court overturned a…
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