“It is important to note that whilst Swiss bank secrecy is already being counted out by mainstream media across the board, the fact is that in Switzerland the resistance to losses of privacy and other fundamental rights based on demands by foreign nations is growing. More and more Swiss, in government and the Swiss Parliament too, are fed up with the pressures emanating from neighboring states and the US, all based on those countries’ dismal fiscal situations and overly zealous hunt for tax revenue. Against this backdrop, an initiative was just launched by some Swiss right-wing political parties that would make bank secrecy a constitutional right.”
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