The Swiss are a landlocked people with few natural resorces (although fantastic scenery). They chose their banking policies and political neutrality in order to give themselves a strong economy without the major industries of other Western nations. Threatening their banking policies would be like telling Miller and Budweiser that they can’t brew beer anymore. It’s a threat to the foundation of their economy. Should anyone be surprised that the Swiss would resist this for all their worth and threaten revenge on anyone who forces them to change?
Why is that difficult to understand?
So? Why is that any business of America's? Finance used to be a major industry in America, too, until people like Bernard Madoff scammed the public and hid their loot in secret Swiss bank accounts.
Good points...
I can understand the Swiss being a little upset over their traditional banking secrecy laws...its the backbone of their economy.
Unfortunately this Globalist world we live in lacks the respect of nations to set their own rules and laws.
As long as another nation is not threatening the safety and security of the other...then there should be no interference with another nation’s laws
If the US was so concerned with people and businesses evading tax laws by opening accounts in bank-secrecy countries...then prohibit those individuals and companies from investing there in the first place.
In other words....if Swiss banks are a problem...keep US companies from shifting wealth over there...instead of forcing another nation to circumvent laws
Of course...a tax plan like the FairTax would never put US business or individuals in this situation in the first place...and not upset the Swiss