Something Switzerland Is No Longer Neutral About

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The UBS tax saga seems to have really thrown Switzerland out of its sweet spot. Having defined itself as a place that doesn't choose sides and simply exists in a neutral, grey area, the heat the country has taken over the past several months for helping Americans (and many others) avoid the tax man has forced its hand. In a somber moment today, the Swiss initiated a double-taxation treaty with Finland which now sets the stage for the country's removal from the G20's "grey list" of uncooperative tax havens. For those looking to stash funds (real or fake) in a place that won't automatically set off alarm bells, your remaining grey list choices are Luxembourg, Austria, Belgium, and for the Latin American set, Chile.

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