Monday, August 3, 2009

Op-ed advocates maintaining strict Swiss financial privacy laws

The president of a Swiss research institution argues today in a New York Times op-ed that Switzerland should maintain its strict banking privacy laws despite pressure from other countries to change them.

". . . Our financial privacy laws are a foundation for individual dignity and basic property rights," says Pierre Bessard, president of the Liberales Institut. "We will not solve the global problem of tax evasion by punishing honest depositors and destroying Swiss traditions."