Dr. Thomas Borer Calls for End of Swiss Bank Secrecy Amid Tax Agreement Crisis
In a November 2012 Spiegel report, former Swiss Ambassador Dr. Thomas Borer flags an escalating dispute between Germany and Switzerland over a proposed tax agreement. With Germany threatening renewed tensions, Borer offers a bold alternative: he calls for an outright abandonment of Switzerland’s bank secrecy laws, paving the way for a dramatic departure from the country’s long-held financial policy.