"The chairman of the Swiss Bankers Association (SBA), Patrick Odier......said one option would be to make customers from nations that have a tax agreement with Switzerland sign a written declaration that they are conforming to their country's tax laws"
Let me see if I get this right, you're going ask Yank Joe to sign a bank form saying he's good with the IRS? Fine if he is. But if he's cheating on his taxes, what does signing another form mean to him? He's already lied on his tax form under penalty of perjury! If he's not afraid of fines and jail time, what threat does a bank form have? Knock off 50bps on his interest income if he's lying to you too? Close his bank account? Refuse him lift tickets at St Mortiz or Gstaad? Whooooo...
Does it help the bank? He signed the form! He was supposed to be innocent! Not our fault! Not the strongest of arguments but better something than nothing.
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