Matches in DBpedia 2014 for { <http://dbpedia.org/resource/Federal_Act_on_Banks_and_Savings_Banks> ?p ?o. }
Showing items 1 to 17 of
17
with 100 items per page.
- Federal_Act_on_Banks_and_Savings_Banks abstract "The Federal Act on Banks and Savings Banks (colloquially known as the Banking Law of 1934) is the law that governs the regulation of banks in Switzerland. It created the current regime of bank secrecy that Swiss banks is famous for. Under the Banking Law of 1934, it is a criminal act for a bank to reveal the name of an account holder. The law helped establish Switzerland as the premier tax haven for foreigners, with Swiss banks accounting for approximately US$2.1 trillion in offshore assets, 27% of the world's total.The law was passed by the Swiss Federal Assembly in 1934 in the volatile climate of pre-World War II Europe, after Adolf Hitler and his Nazi Party established a dictatorship in Germany. Bank secrecy provisions found in Article 47(b) were added before passage of the bill due to Nazi authorities' attempts to investigate the assets of Jews and "enemies of the state" held in Switzerland.The law was amended in 2009 in the wake of the UBS tax evasion scandal. Switzerland and its banks came under pressure from the United States government and Western European governments who were concerned with tax evasion by their citizens using Swiss numbered accounts. Switzerland had been put on the OECD's "grey list" of tax havens that refused to cooperate with foreign tax authorities in April 2009.The international pressure on Switzerland forced it to amend the law and negotiate tax treaties with dozens of countries, including Germany, the United Kingdom and the United States. The treaties permit Swiss banks to release information about account holders.".
- Federal_Act_on_Banks_and_Savings_Banks wikiPageID "40806122".
- Federal_Act_on_Banks_and_Savings_Banks wikiPageRevisionID "604727875".
- Federal_Act_on_Banks_and_Savings_Banks subject Category:1934_in_law.
- Federal_Act_on_Banks_and_Savings_Banks subject Category:20th_century_in_Switzerland.
- Federal_Act_on_Banks_and_Savings_Banks subject Category:History_of_Switzerland.
- Federal_Act_on_Banks_and_Savings_Banks subject Category:Jewish_Swiss_history.
- Federal_Act_on_Banks_and_Savings_Banks subject Category:Financial_regulation_in_Switzlerand.
- Federal_Act_on_Banks_and_Savings_Banks subject Category:Legal_history_of_Switzlerland.
- Federal_Act_on_Banks_and_Savings_Banks subject Category:Switzlerland_federal_banking_legislation.
- Federal_Act_on_Banks_and_Savings_Banks comment "The Federal Act on Banks and Savings Banks (colloquially known as the Banking Law of 1934) is the law that governs the regulation of banks in Switzerland. It created the current regime of bank secrecy that Swiss banks is famous for. Under the Banking Law of 1934, it is a criminal act for a bank to reveal the name of an account holder.".
- Federal_Act_on_Banks_and_Savings_Banks label "Federal Act on Banks and Savings Banks".
- Federal_Act_on_Banks_and_Savings_Banks sameAs m.0yp0yws.
- Federal_Act_on_Banks_and_Savings_Banks sameAs Q17002992.
- Federal_Act_on_Banks_and_Savings_Banks sameAs Q17002992.
- Federal_Act_on_Banks_and_Savings_Banks wasDerivedFrom Federal_Act_on_Banks_and_Savings_Banks?oldid=604727875.
- Federal_Act_on_Banks_and_Savings_Banks isPrimaryTopicOf Federal_Act_on_Banks_and_Savings_Banks.