Word: switzerland
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Dates: during 2010-2019
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...Thaksin, who spoke to the protesters by video Saturday evening, is in Switzerland. He has been based in Dubai for the past two years, but Thailand's Foreign Ministry said on Saturday that the United Arab Emirates government had asked Thaksin to leave because he was using their country to foment political unrest in Thailand. Thaksin initially denied he had been expelled, but told followers in his video that he was now in Switzerland because the government had been "whining" to the UAE. (See pictures of people protesting Iran's election...
...approached the end of high school I wrote endless letters in the hope of finding a position in a national park in Africa. I ended up spending nine months living in western Zambia in a national park at the age of 17. It was about the size of Switzerland, and it had about 20 people living in it. It was a wonderful introduction to the bush, and since then I have been traveling to Africa almost every year. I went to Oxford University and studied zoology because it was a great way to be able to continue going to really...
...realize its own dreams and those of others, it has to change the way it does business. Acting as a true single bloc would bring greater influence. One of the problems in international meetings, says Jean-Pierre Lehmann, a professor of international political economy at IMD in Switzerland, is that the E.U. is "paralyzed by its members." A senior Asian official describes - with evident exasperation - how at international summits European leaders talk endlessly to each other. "They're very clubby," he says, and it isn't meant as a compliment...
Still, recent reports demonstrate that bank secrecy is still very important for Switzerland and suggest how Swiss banks intend to maintain that secrecy for years to come. Credit Suisse, which took a net capital outflow hit of $5.5 billion in the fourth quarter of 2009, reported it had about $100 billion of private, cross-border assets from politically sensitive or tax-sensitive countries. But when stress tested in simulations of widespread tax amnesties, it showed that $25 billion to $35 billion might flee. That sounds huge, but with some $800 billion under management, it's just a couple of quarters...
Nevertheless, says Clark, if you are planning to stash your millions in the Alps, don't assume you can hide it from the tax man: "There is no doubt that the ability to arbitrage the bank-secrecy laws in Switzerland to avoid paying taxes in your home country is eroding and has been eroding for a long time, and it will continue to erode...