“He insists his motives have always been pure: to repel Switzerland’s ‘attack’ on other countries’ tax laws and exchequers. HSBC says he is no whistleblower. He tried to sell the data at first, the bank contends, and only started to work with prosecutors when he was jailed in Spain. Many more tax-shy Europeans have reason to sleep fitfully. Other countries are said to want a look at the pilfered data, much of which is apparently yet to be decrypted. When Mr Falciani first made the rounds with his discs, governments showed little interest. The fiscal strains produced by the euro crisis have changed all that.”
http://www.economist.com/blogs/schumpeter/2013/10/banks-and-tax-evasion
Related posts:
Brewer says his just-add-water beer mix tastes 'just as good' as the original
Suspension over gun-shaped toaster pastry is now permanent mark on kid’s record
North Korea seeking economic reforms
Countries are using devaluation to gain an advantage - and Britain is one of the worst offenders
Missouri gov. signs gun-safety course for first-graders
Europeans Rapidly Losing Faith in EU Project
Solar energy plants in tortoises' desert habitat pit green against green
Cayman FATCA Agreement Makes It Tougher for Wealthy Americans to Hide Money
Australian central bank's talk of intervention sends Aussie dollar down
China's biggest jeweller sees gold in the masses
Tax Collectors Are Going After Netflix, Airbnb, Uber, Burning Man
Arab League wants action on Syria
Overseas adoptions rise -- for black American children
Trump announces trade war with Canada, retroactive 20% tax on lumber
Obama Presses for Action on Bank Rules