Swiss private banks will probably observe a moment of silence today as the government rushes to sign the final tax treaty separating the country from removal from the OECD’s grey list. With the battle for airtight secrecy lost, Konrad Hummler, managing partner at the oldest private bank in Switzerland, Wegelin & Co, signaled the war is far from over. With the pay-to-play withholding tax proposal from the Swiss Bankers Association gaining momentum, the next phase of the struggle may be determined by testing the degree to which European governments are willing to walk the walk.
“Do they want to see cash, or are they ideologists who just want to be right?” he said. “Looking at their treasuries, I have the feeling that the cash argument is a good one.”
Given Europe’s penchant for royalty, there’s a pretty good chance cash is still king.
Swiss Secrecy Onslaught May ‘Criminalize’ Elites, Hummler Says [Bloomberg]
tl:DR
UBS Sucks, however.
Greg, I am going to wax that prepubescent mustache of yours off your face using my homemade orange marmalade.
-Jeff Macke
sol (sigh out loud)
Opening Bell redux
Am I the only one whose head hurts from this horrendous post?
Dealbreaker should put Greg in a dunking booth to raise money for charity.
“Given Europe’s penchant for royalty, there’s a pretty good chance cash is still king.”
That’s a real zinger, Greg! Reminds me of my whore ex-wife, who thought she was a queen.
-Mark Klein, MD
perhaps DB should hire the TGFD to start writing (or let him post again), that way greg would no longer be the bane of the DP proletariat’s existence
@6 Agreed, as long as the water is filled with mexicoke sharks
Greg the Underachiever Gnome
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Step 1: Read Opening Bell
Step 2: ?
Step 3: Re-post Opening Bell
Greg -
I would really like to shoot your portrait. Actually I would really like to just shoot you. In the head. I want to see if I have the talent to turn a POS into a work of art. And you are the biggest POS I know.
Annie Leibovitz
“Greg, I am going to re-jigger the numbers on your phone’s keypad so that every time you call your mom you end up reaching Jeff Macke.”
-Not Jeff Macke but a big fan of his
Oh great. Greg is still alive. And posting. Sigh
They found an AIDS vaccine, but no one is smart enough to teach Greg how to write? And I think his writing has killed more people.
Dr. Salk
Can we please have Muffie instead of Greg?
Как то не понятно
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мужские часы цены
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