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26 March 2017 14:49 (South Africa)

Survival time for Swiss Banks

  • Branko Brkic
    branko3048 a ray
    Branko Brkic

    Brkic is the founder and editor of The Daily Maverick.

    He has edited magazines on business and politics, technology, and wildlife. He has also published fiction and non-fiction books, most of them in Serbian. Though he has never pretended to be a reporter, his wide knowledge of politics (especially in America), combined with his experiences in a disintegrating Yugoslavia, gives him an unusual outlook on events in South Africa.

    Despite the vowel-poor surname, he tells anyone who asks that he hails from Hyde Park, Johannesburg, having spent most of his adult life in South Africa.

    Recent columns:

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Times are tough in the home of the cuckoo clock: inflows of cash are flat after the UBS and Swiss government agreed in March to disclose thousands of US clients to avoid the wrath of the US government. Feeling the squeeze after the world-wide onslaught on tax havens started emerging, threatening their very survival, the Swiss Bankers Association proposed, wait for it, withholding tax on all earnings generated by their EU-based clients. Tax would be calculated by the bankers themselves and then paid to the clients’ home countries. All of it, naturally, without revealing the clients’ details. Presumably, the recipient countries would be grateful for the revenue and would truly and totally believe in the accuracy and honesty of Swiss Banks. For which, of course, many centuries of Swiss Banking system transparency, decency and honesty vouch.

  • Branko Brkic
    branko3048 a ray
    Branko Brkic

    Brkic is the founder and editor of The Daily Maverick.

    He has edited magazines on business and politics, technology, and wildlife. He has also published fiction and non-fiction books, most of them in Serbian. Though he has never pretended to be a reporter, his wide knowledge of politics (especially in America), combined with his experiences in a disintegrating Yugoslavia, gives him an unusual outlook on events in South Africa.

    Despite the vowel-poor surname, he tells anyone who asks that he hails from Hyde Park, Johannesburg, having spent most of his adult life in South Africa.

    Recent columns:

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