Swiss Right Wing calls for Retaliation on USA

Switzerlands largest political party, the populist SVP wants to punish the US for it's tax probe into the Swiss banking giant UBS, threatening prized banking secrecy.

Reuters:

ZURICH, Feb 21 (Reuters) - The right-wing Swiss People's Party (SVP) called on Saturday for retaliation against the United States over a U.S. tax probe into the country's biggest bank UBS that threatens prized banking secrecy.

Switzerland should also reconsider its policy of representing the United States in countries where it has no diplomatic presence, the parliamentary SVP said in a statement.

U.S. tax authorities said on Thursday they were still pursuing a civil case against UBS seeking access to thousands more names of U.S. citizens it says are hiding about $14.8 billion in assets in secret Swiss bank accounts.

The SVP also said it would call for an urgent debate in parliament on ways to protect Swiss banking secrecy from "further foreign blackmail".

Read about it here

Although a patriotic American, I can't say I blame them. The US has no business meddling in the time-honored tradition of Swiss banking confidentiality, which has been respected by all nations for over 800 years.

About time the IRS is getting what they deserve.

Those jack boots have been running around for decades imprisoning people and taking peoples property or no reason at all.

I say good. Also because I believe in privacy rights.

This is going to be fun to watch the secretive US government get a taste of its own medicine.

It will be very interesting to see how far the IRS gets with the Swiss.
Switzerland is an unusual nation. They maintained neutrality through WW1 and WW2. They are not on the euro, not part of the European Union.
The Bank of International Settlements (BIS) is located in Switzerland.

January 20, 2009

Investors reacted to the news overnight that U.S. authorities want UBS to hand over the names of up to 52,000 American customers suspected of failing to declare all of their taxable assets.
On Wednesday, UBS announced it had reached an agreement to give up some 250 to 300 names to U.S. investigators in an unprecedented breach of Swiss banking privacy.

The question is how they will retaliate. The US has a lot of secrets out there and the revelations of those secrets, if released properly, could shut down the US economy as we know it. Any Senators or Congress People with money there should be relatively concerned.

Originally posted by TruthWithin
The question is how they will retaliate. The US has a lot of secrets out there and the revelations of those secrets, if released properly, could shut down the US economy as we know it. Any Senators or Congress People with money there should be relatively concerned.

I agree.. I immediately questioned how they would retaliate. However I think they are incapable of sufficient retaliation.

[edit on 22-2-2009 by etombo]

[edit on 22-2-2009 by etombo]

reply to post by burntheships




This is going to be very entertaining. They are a sovereign nation that is self supporting. They are developed, I see major backfire coming our way.

The government better watch out the last thing they want is for them to cause the fist domino to fall.

reply to post by etombo


They have remained neutral for a reason. The US has celebrated that. This might be the next wave..not so neutral anymore.

THe US is a joke, they tap our phones and bank accounts. Now, they want to tap other countries.

Originally posted by burntheships
It will be very interesting to see how far the IRS gets with the Swiss.
Switzerland is an unusual nation. They maintained neutrality through WW1 and WW2. They are not on the euro, not part of the European Union.
The Bank of International Settlements (BIS) is located in Switzerland.

January 20, 2009

Investors reacted to the news overnight that U.S. authorities want UBS to hand over the names of up to 52,000 American customers suspected of failing to declare all of their taxable assets.
On Wednesday, UBS announced it had reached an agreement to give up some 250 to 300 names to U.S. investigators in an unprecedented breach of Swiss banking privacy.

So they asked for 52,000 names and settled for the 250 to 300 they where looking for in the first place....DUH
POLITICS PEOPLE got to love it!

Yet some Americans wonder why non-Americans perceive America - or at least the American government - as being arrogant?

If the world was a kindergarten, America is like the little kid who thinks all the toys are his for the taking and that the other children have to play the way he wants to play or it's somehow wrong.

Originally posted by burntheships
It will be very interesting to see how far the IRS gets with the Swiss.
Switzerland is an unusual nation. They maintained neutrality through WW1 and WW2. They are not on the euro, not part of the European Union.
The Bank of International Settlements (BIS) is located in Switzerland.

Even if Switzerland isn't a full member of the EU, there exist soo many treaties between them now, so Switzerland is like a EU-"Hang-around" if you'd use the old HellsAngels expression

They have the EFTA and Schengen agreements.

"On 5 June 2005, Swiss voters agreed, by a 55% majority, to join the Schengen treaty, a result that was regarded by EU commentators as a sign of support by Switzerland, a country that is traditionally perceived as isolationist. The agreement came into effect on 12 December 2008."

en.wikipedia.org...




[edit on 22-2-2009 by Chevalerous]

stupid Swiss...

you guys should be cheering that 52,000 of the wealthiest of Americans are about to have to admit that they don't pay taxes while 99% of the rest of us do.

It's one thing to argue that tax is illegal/immoral, it's another to cheer rich people screwing over the working poor.

A fair system taxes all or none... not just those that can't afford to hide their money.

Something is cookin bub.

When the IRS goes looking in places considered sacred they have rolled an ancient stone.

The gatekeeper is about to release some dogs as fair warning as the IRS ignores the ancient proverb.."Do not remove your grandfathers boundaries."



[edit on 22-2-2009 by whiteraven]

I love it.
The money launderers of the world (among others) are getting scared. These unscrupulous, souless scumbags have so much blood money in their possession it had to take our current economic crisis in order for government (any government) to publicly question their centuries-long criminal activities.
I really pity the souls of these bastards, then again, when you have no soul what do you care anyway?

[edit on 22-2-2009 by TypeSH2001]

Originally posted by burntheships

January 20, 2009

.
On Wednesday, UBS announced it had reached an agreement to give up some 250 to 300 names to U.S. investigators in an unprecedented breach of Swiss banking privacy.

Now why would UBS select 1/2 of 1% of the 'names' to give the IRS??

perhaps these are accounts by present member of congress,
or maybe accounts of Obama administration appointees...??

so, by answering the IRS request... the USA will be getting an international Slap-In-The-Face in return...

result; the IRS request will be the lastone ever made

Someone above said that they didn't believe Switzerland has the potential to sufficiently retaliate?!


We're talking about one of the most powerful countries in the world, at least in economic terms...
Think of all the connections they have around the world via their bank accounts. Think of all of the people HERE IN THE STATES who would stand to lose MUCH if that information became public knowledge.
Oh, there are LOTS of ways that the Swiss could retaliate. This will be very interesting indeed. Something to keep an eye on.

Originally posted by St Udio

Originally posted by burntheships

January 20, 2009

.
On Wednesday, UBS announced it had reached an agreement to give up some 250 to 300 names to U.S. investigators in an unprecedented breach of Swiss banking privacy.

Now why would UBS select 1/2 of 1% of the 'names' to give the IRS??

perhaps these are accounts by present member of congress,
or maybe accounts of Obama administration appointees...??

so, by answering the IRS request... the USA will be getting an international Slap-In-The-Face in return...

result; the IRS request will be the lastone ever made

Oh, we could only wish! Wouldn't the political skeletons come out of the closet then!

Originally posted by TypeSH2001
I love it.
The money launderers of the world (among others) are getting scared. These unscrupulous, souless scumbags have so much blood money in their possession it had to take our current economic crisis in order for government (any government) to publicly question their centuries-long criminal activities.
I really pity the souls of these bastards, then again, when you have no soul what do you care anyway?

[edit on 22-2-2009 by TypeSH2001]

And the IRS has a whole lot of soul wait till they take yours

Welfare hounds need not worry.

[edit on 22-2-2009 by gdeed]