alt Hacker News> ...decided that they don’t want to bear the moral cost of it anymore.
And of course the external pressure to loosen banking secrecy laws has been huge, particularly from the US e.g. https://en.wikipedia.org/wiki/UBS_tax_evasion_controversies
> ...decided that they don’t want to bear the moral cost of it anymore.
And of course the external pressure to loosen banking secrecy laws has been huge, particularly from the US e.g. https://en.wikipedia.org/wiki/UBS_tax_evasion_controversies
But ultimately the Swiss decides what Switzerland does, and the population deciding they didn't want that, was the deciding factor. Been pressure on Switzerland about that for a long time, from many countries, and in fact still there is, as many still think they're not doing enough. Not everything in the world happens because of the US :)