If Colonel Gaddafi gets his way, the IRS will no longer need to strong-arm Swiss regulators for account information. The solution to dealing the Swiss isn't debating the need for greater transparency and disclosure during this time of economic turmoil. No, the good Colonel has something else in mind for the (former) tax haven.
Switzerland should be wiped off the map and its land divided between France, Italy and Germany. That is what Libyan leader Colonel Gaddafi is calling for in a motion he filed to the United Nations, according to newspaper reports.
Gaddafi is set to put forward his plans to eradiate the Alpine state when Libya officially takes over the annual presidency of the UN General Assembly on September 15, the Daily Mail newspaper reported.
The thought process behind this movement stems from the arrest of Gaddafi's son, Hannibal, and his son's wife following their assault of a hotel chambermaid in Geneva last year. Having had time to reflect on their decision, the Swiss now know the unfortunate answer to the question they must have been asking the Gaddafi clan: Given the chance, you would deny me my life, wouldn't you?