Word: switzerland
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Dates: during 2000-2009
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...probe began almost by accident. During an investigation into organized crime, agents of Germany's Federal Intelligence Service, the BND, became acquainted with an employee of a bank in Liechtenstein, a tiny principality between Austria and Switzerland with very secretive banking laws. The agents turned their contact over to German tax authorities. With the approval of the German government, tax investigators paid the contact more than $7 million (5 million euros) and provided him with a new identity in exchange for a CD detailing the Liechtenstein bank accounts of hundreds of German citizens...
...protect the E.U.'s external borders now that travelers can cross national boundaries without checks between the 25 E.U. countries that are part of the border-free 'Schengen' zone. (E.U. members Ireland and the U.K. aren't in the zone, which does include non-members Iceland, Norway and Switzerland...
...Switzerland's art community, meanwhile, is wondering whether such a theft could have been prevented in the first place, and if so, how. "The security in our museums is very high," says David Vuillaume, secretary general of the Swiss Museums Association, pointing out that the E.G. Bührle heist was the first armed robbery perpetrated while a museum was open to public. "The question is, how do we protect museums against armed thieves, while remaining open and welcoming to the public...
...point of oversaturation—but Schlink’s narrative is also touchingly sympathetic to the characters of this post-World War II odyssey.The novel’s protagonist, Peter Debauer, grew up with his mother in Germany, spending summers at his paternal grandparents’ home in Switzerland. He knew his father through photographs and stories that his grandparents told him; his mother informed him only that his father had been shot during the War. As a child, he kept his grandparents company while they edited novels for anthologies. When Debauer begins reading a submission about...
...Switzerland collected an extra $492 million in withholding tax from the bank accounts of E.U. residents. And as the rate goes up to 35% by 2011 in compliance with the E.U. directive, foreigners will find the Swiss tax man reaching deeper into their pockets. But for every tax haven that loses its seductive charms, there's another working hard to woo the rich. Dubai, which has been dubbed the Switzerland of the gulf, has spent billions creating zones where foreigners can set up and invest in companies free from corporate tax. And other gulf states like Qatar and Oman...