Thursday, January 5, 2012

US citizens become untouchables

I once read on a Swiss brokerage website that they accepted anyone as a client except persons domiciled in Chad or the USA......seems nothing much has changed.


Google translation from German:
 

(Reuters) In view of the tax dispute with the United States increases, the Zurich Cantonal Bank (ZKB) completely out of the business with American customers. "The risks of holding on to U.S. business would be under the new sign too big," said a ZKB spokesman, confirming a report by the "Tages-Anzeiger".

As early as 2009, ZKB had separated from the U.S. clients with security deposits. Meanwhile, the United States but the pressure is further increased and the ZKB as ten other Swiss banks targeted by the U.S. Internal Revenue Service.

Now the state wants no U.S. bank customers with more personal accounts. "Now we say goodbye to all of us in the U.S. domiciled clients," said the spokesman. The customers had until 21 February period, specify where the money is transferred. Then ask the ZKB from a check that could be picked up at the bank.

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