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| Name | UBS vs. USA: The Birkenfeld Scandal that Shattered Switzerland's Banking Secrecy | SLICE EXPERTS |
| Video Uploader | Video From SLICE Experts |
| Upload Date | This Video Uploaded At 04-01-2024 16:00:37 |
| Video Discription | On 21 August 2009, the Swiss government handed over the names of 4,500 American tax evaders to the US Congress, ending the legendary principle of secrecy on which the country’s banks had built their reputation for almost a century. How did the United States manage to force Switzerland to comply? One of the world’s biggest tax havens, the country had until now remained unreceptive to demands for greater transparency from around the globe. Why did UBS – the global leader in private fortune management – decide to waive its clients’ anonymity? The Birkenfeld scandal, named after the American banker who denounced UBS’s practices, led to an economic and political war between the mighty of America and Switzerland. UBS, exposed as inciting tax evasion on US territory, had been caught in a trap and dragged Switzerland down with it. Documentary: The End of Bank Secrecy: How the US Brought Switzerland Down Directed by: Patrick Benquet Production : Nilaya Productions #freedocumentary #documentary #bank #finance #tax #investigation #economy #switzerland #usa shmVy2lvzJM |
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