Wednesday, August 26, 2009

“Goodbye to America"

Wegelin & Co., the Swiss private bank, said Tuesday that it was pulling out of the United States amid stricter measures against tax dodgers, The Associated Press reported.

“Goodbye to America,” the bank said in a letter to investors, which cited increased regulatory requirements for foreign banks and planned changes to the estate tax as the reasons for its pullout.

ViaNick

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