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Also, for several reasons, it is no longer possible for a US person or organization to open a Swiss bank account. This is a pity, and quite inconvenient for US expats working here, but at least fine taxpayers of United States no longer have to worry about somebody dodging their taxation using Swiss banks, at least directly.

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Yes, now tax avoiding Americans flee to South Dakota.

Exactly. And that's what this whole crackdown on Switzerland was all about. Not about stopping tax evasion or people hiding money, but about the US lobbyist profiting instead. At no point was it about justice.

Bingo! It is about keeping the money inside the country. It's not just the US. The German authorities even went so far as to offer and pay money to whistleblowers/thieves with CDs full of customer names. It looks like an economic war.

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