Yes, because Switzerland is no longer a “tax-haven.”
The Swiss have sold out their independence to the US Treasury and IRS, so their big banks can continue to be allowed to play with the other children on Wall Street.
Now that the Swiss banks are open to the IRS and the US Govt, who are the “swiss” banks now? Has anybody else filled their old niche?
That’s why I hide my billions in Buenos Aires, Macao, and Cape Town.