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Special EU & EURO Warning – December 14, 2011Offshore Jurisdiction Comparison 
Guatemala CorporationGuatemala Bank AccountAnonymous Master Card and VisaHigh Limit Anonymous Offshore Visa & MasterCardAndorra Private Banking Swiss Forex and CFD Trading AccountFOREX and FUTURES Bank Account for BrokersForex Professional Broker Trading Accounts Offshore High Risk Merchant Accounts
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Executive Summary – The Italians on October 27th, 2009, using hundreds of police and tax inspectors raided Swiss banks located in Northern Italy and San Marino which is a sovereign state surrounded by Italy. The raids are associated with a generous Italian tax amnesty, which requires the people to repatriate their funds to Italy. Only the Swiss banks were raided but they were in Italy and under Italian law. The Italians figure that 125 Billion Euros (approx. $185,000,000,000) will be repatriated inside of Italy as a result of the tax amnesty. Figure that to be about twice the reality.
Discussion – First the Americans, then the French and now the Italians. The Swiss showed weakness to Obama and now the tax bullies are moving in to try and save their failing banks and failed economy. It would be shocking if they ever came up with a plan that would actually fix the economy instead of just maybe covering a 30-day shortfall, best case. It sure does get them the press and makes the uneducated think they are doing something when it is just a lot of noise.
Suggestions – It looks like the charge against the Swiss is on full time. The capital flight may be significant in spite of Russian and Arab money. Best pull out of Switzerland in favor of a non-tax haven jurisdiction not under full attack. One can always return if the Swiss survive but right now we do not know what the full scale of the attack on the Swiss banks is going to be. Many other nations may charge against them in the coming months. If the Swiss do not stand up for themselves the bullies will steal their lunch money everyday.
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