The Other Miami-Basel Connection: Tax Havens Being Busted
The last few decades have basically been about (slowly, and sometimes poorly) chipping away at entrenched secrecy and exploitation by rich people and corporations. To the point where we at least know that certain things happen. For instance, this just in! "The United States attorney’s office in Miami accused Renzo Gadola, the head of RG Investment Partners, an investment-advisory firm in Zurich, of conspiracy to defraud the United States by helping wealthy Americans evade taxes from 2000 through this month." It's notable that Gadola was with UBS for 13 years, not just because "a former senior UBS private banking executive had worked as Mr. Gadola’s partner to help wealthy Americans evade taxes through Basler Kantonalbank." In any event, don't you worry about Mr. Gadola: "The fact that Mr. Gadola was charged with a criminal information and not indicted suggests that he may be cooperating with American investigators in their scrutiny of Swiss banking."
As someone who works in the tax news industry, I would just like to say I find is despicable that this post garnered no comments. You can have your gin and caffeine-free Pepsi reminiscences, this is the news.
Hey, I tried to work my way in via the art angle, but it proved unworkable. So I opted to leave it to the commenters familiar with the tax news industry.