Please note:
You are in the euro|topics archive. For current articles from the European press review, please go to

Home / Index of Authors

Kohler, Dan

Dan Kohler ist CEO der Zurich Trust AG; Kommentator in NZZ

RSS Subscribe to receive the texts of "Kohler, Dan" as RSS feeds

1 article of this author has been cited in the European Press Review so far.

Neue Zürcher Zeitung - Switzerland | 17/08/2012

Banks not assistants to tax authorities

In the course of the difficult negotiations on a tax agreement between Austria, Germany, the UK, the US and Switzerland, the Swiss Minister of Finance Eveline Widmer-Schlumpf proposed a "clean money strategy" back in February. Under this strategy Swiss banks would be allowed to examine whether the money deposited by their clients has previously been correctly declared. Such controls would be against the law, contends Dan Kohler, CEO of Zurich Trust AG, in the liberal-conservative daily Neue Zürcher Zeitung: "With a 'clean money strategy' we would foist upon the banks a responsibility which they are not in a position to shoulder. We would be making the gravest mistake: imposing responsibility without ensuring that those charged with that responsibility have the necessary authority in terms of both expertise and legal scope. … German and American public prosecutors are currently trying to expand their legal expertise and their legislation to encompass Swiss banks. The banks are to be turned into assistants to foreign tax authorities. This is inadmissible, violates Swiss law and should not be tolerated by the Swiss authorities."

» Index of Authors

Other content