| ID | 158860 |
| Title Proper | How to crack down on tax havens |
| Other Title Information | start with the banks |
| Language | ENG |
| Author | Shaxson, Nicholas |
| Summary / Abstract (Note) | On October 17, 2008, during the throes of the global financial crisis, officials from the U.S. Department of Justice summoned Swiss banking regulators and executives from UBS, Switzerland’s largest bank, to a closed-door meeting in New York to discuss the bank’s role in helping American clients evade taxes. It was a sensitive moment: the Swiss government had bailed out UBS the previous day. The bank’s game plan was simple, a company insider later told Reuters [3]: “Admit guilt, settle the case quickly, and move on.” |
| `In' analytical Note | Foreign Affairs Vol. 97, No.2; Mar-Apr 2018: p.94-107 |
| Journal Source | Foreign Affairs Vol: 97 No 2 |
| Key Words | Banks ; Tax Havens ; Crack Down |