Five Things A Whistleblower Has To Say About Tax Havens

Five Things A Whistleblower Has To Say About Tax Havens by Jeannie Wurz, swissinfo.ch

Following the release on Sunday of the Panama Papers, former whistleblower Rudolf Elmer spoke with journalist Roger Schawinski on Swiss Public Television, SRF, about secrecy, responsibility and greed.

The Panama Papers scandal will not stop tax havens

Eleven million documents revealing the offshore banking practices of Mossak Fonseca show that Swiss banks (Credit Suisse Channel Islands Ltd., HSBC Private Bank Suisse, UBS AG) and Swiss lawyers are major players in offshore banking.

Elmer: "The tax havens are certainly not dying out. The practices will continue. It will only get more lucrative." Elmer sees the concept of a worldwide transparency standard as unlikely, “as long as the G7...