The success of Swiss banking and financial services does not rest solely on banking secrecy laws. Most banks in Switzerland are fairing very well in the current market environment. Despite the tax collection schemes and public scare tactics of the aforementioned countries, funds are flowing into Switzerland unabated. In fact, they continue to flow in at an increasing rate. Individuals, families, and companies are taking domicile in Switzerland at a rate similar to the period of World War II.
It is not banking secrecy bringing this about. It is safety, social peace, political solidity, the rule of law, and the privilege of living and working in a country where things work, where tax revenues flow into a first-class infrastructure and good public services exist.
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