World News Network
Sunday, 11 May 2008
 
Article by WorldNews.com Guest Writer René Delavy. Switzerland makes a distinction between "Steuerhinterziehung" (Tax EVASION) und "Steuerbetrug" (Tax FALSIFICATION). The first is according to Swiss laws absolutely legal within the Swiss borders - but the second, falsification, is meant to be a crime. In the rest of EU and most other Countries in the world, BOTH are a crime and there is no difference between evasion and falsification. And now, Switzerland, with its bank secrecy law and tax paradise mechanics, makes a terrible fuss about this matter of legacy, which is perfect Swiss 7...
article toolbox
The Credit Suisse logo is pictured at a bank's branch in Zurich, Switzerland, Nov. 2, 2006. Credit Suisse Group, Switzerland's second-biggest bank, said falling credit markets and pricing errors by traders will cut first-quarter profit by $1 billion. Credit Suisse reduced the value of asset-backed securities by $2.85 billion, the Zurich-based bank said in an e-mailed statement today. It is also assessing whether 2007 earnings could be affected by the pricing errors. The writedowns reflect significant adverse first quarter 2008 market developments and are the result of an internal review that is still continuing, Credit Suisse said. The bank's total net writedowns on debt securities and loans last year amounted to 2 billion Swiss francs ($1.8 billion), it said last week.
photo: AP / Keystone, Eddy Risch

Photo/Video News Results for: Switzerland Industry
WN REPORTS About Sim Card Dream Girls Executive Europe GeoPolitical Growing Fund HIV Further IPTV Sport USA Korea - Spanish Mortal Union Numerous Fund Science Fiction Sport Universal Tiger Woods Vulnerable Patients World GDP
REGIONAL WN Africa WN Asia WN Australia WN Caribbean WN Europe WN Mideast WN C.America WN America WN Pacific WN S.America World Wide
ENTERTAINMENT Animations Bollywood Hello Broadcasting Cartoons Culture Review Fashion Guide Film Review Hollywood Hello Lifestyle Media Conference Movies DB Musik FM Phones Radios DB Theatre Teen News WN Art WN Broadcast WN Entertainment WN Gaming WN Kids World Celebrity Video
SPORT Athletics Baseball Basketball Boxing Chess Cricket Cycling FIFA Football Formula 1 Golf Hockey Live Sport Rugby Soccer Swimming Tennis UEFA WN Sport
BUSINESS Canada France Germany India Italy Japan Spain Russia S. Korea UK Biz Africa Business Daily Africa Entrepreneur Business Daily Finance Journal WN Business WN Economy WN Energy WN Industry WN Money WN Currency Forex Advertising Kit Company Contact Employment Media Kit WN Links WN Toolbar
CITIES Abu Dhabi Aix en Provence Baghdad Bangkok Beijing Beirut Berlin Bodrum Bombay Brussels Calcutta Caracas Dubai Gaza GreatBarrierReef Havana Hong Kong Jakarta Jerusalem Karachi Kashmir Lagos London Luxembourg Majorca Malaga Manila Minorca Montreal Moscow Nairobi New Delhi New York Ottawa Palma Paris Prague Pretoria Pyongyang Rangoon Rio de Janeiro Quito Rome Shanghai Seoul Sydney Taipei Tehran Tripoli Tokyo Washington
LANGUAGES Language Show Afrikaans Albanian Arabic Bengali Bosnian Chinese Creole Croatian Czech Danish Dutch English Finnish Flemish French German Gujarati Greek Hausa Hindi Hungarian Indonesian Italian Japanese Korean Malay Marathi Nepali Norwegian Persian Polish Portuguese Punjabi Romanian Russian Slovak Somali Spanish Swahili Swedish Tagalog Tamil Telugu Thai Turkish Urdu
MULTIMEDIA Film Phones Photos Radio Slideshows Video