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Old 19.11.2011, 20:11
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Forced capital repatriation

Billions withdrawn from the Swiss banking system...wouldn't that be interesting

http://www.eurointelligence.com/euro...the-brink.html

Tax agreement between Greece and Switzerland could bring home billions of tax evaderís money
Talking to Financial Times Deutschland Horst Reichenbach, head of the EU task force in Greece, said that a tax agreement between Greece and Switzerland could repatriate billions of Greek tax evaderís money. Reichenbach referred to the recent tax agreement between Germany and Switzerland as a model. According to estimates Greeks hold around Ä 200bn in Switzerland of which a sizeable amount is money from tax evasion. Additionally the crisis and fears about Greece leaving the euro led many Greek to bring their money out of their country. According to the Greek central bank Ä 46bn have left Greece since the beginning of 2010. The Swiss government confirmed that it was in talks with the Greek government that would start next week
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Old 19.11.2011, 20:14
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Re: Forced capital repatriation

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Billions withdrawn from the Swiss banking system...wouldn't that be interesting

http://www.eurointelligence.com/euro...the-brink.html

Tax agreement between Greece and Switzerland could bring home billions of tax evaderís money
Talking to Financial Times Deutschland Horst Reichenbach, head of the EU task force in Greece, said that a tax agreement between Greece and Switzerland could repatriate billions of Greek tax evaderís money. Reichenbach referred to the recent tax agreement between Germany and Switzerland as a model. According to estimates Greeks hold around Ä 200bn in Switzerland of which a sizeable amount is money from tax evasion. Additionally the crisis and fears about Greece leaving the euro led many Greek to bring their money out of their country. According to the Greek central bank Ä 46bn have left Greece since the beginning of 2010. The Swiss government confirmed that it was in talks with the Greek government that would start next week
Seems to be quite a common theme that Greek businessmen say they withold their tax payments because they claim the Greek Government owes them a lot more due to unpaid bills for supplies, services, etc.
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