Britain's sordid Swiss tax deal is doomed to failure

The UK is about to sign an agreement with Switzerland under which Swiss banks levy taxes on secret Swiss accounts held by UK tax evaders, while keeping those accounts secret. The UK says the deals will raise billions. It is bad enough that these deals sabotage major European efforts to tax their citizens properly and to penetrate secret banking, and that wealthy criminals will get impunity. But there's an even stronger objection to these deals: they will fail, raising only a tiny fraction of what has been promised.

Read Full Story>>