Diplomacia e Relações Internacionais
Os EUA estão "apertando" -- para usar um termo moderado -- a Suíça, em razão de suas regras laxistas em matéria fiscal e tributária e, sobretudo, por causa de seu regime bancário, baseado no segredo bancário e no anonimato das contas individuais dos estrangeiros. Ou seja, a Suíça já não é mais o que era...
Os investidores americanos se voltam, assim para o Uruguai, um recurso já conhecido de evasores argentinos, brasileiros e vários outros na região, com muitas facilidades financeiras e total segredo de valores e transações envolvidas.
A matéria abaixo, de um consultor que quer uma comissão sobre o seu dinheiro, pretende ensinar os americanos a recorrer aos bancos uruguaios, em lugar dos suíços. Sorte deles...
Paulo Roberto de Almeida
As Swiss Banks Close Their Doors, Look to Uruguay
The “Switzerland of Latin America” – that’s the phrase I used six months ago when I wrote to you from Punta del Este, Uruguay. I was referring to the delightful South American country I was visiting for the first time.
But that catchy phrase was not mine: 61 years ago, in the shattered wake of World War II, Uruguay was described as the "Switzerland of the Americas" in a 1951 New York Times article.
Uruguay earned that unusual name because of its popularity as a safe haven for capital and precious metals fleeing Europe at the time, and for its adoption of careful, Swiss-inspired banking laws and customs.
When I wrote about Uruguay back in March, I got some serious grief from good friends in Switzerland, claiming I had abandoned their country, which I had always called the world’s leading offshore financial center. Well, my friends, I still say that … but Switzerland and the Swiss have got some major problems of their own making – and anyone planning personal financial activities has to keep them in mind.
Money Taking Flight
In the three years since the tawdry UBS-American tax evasion scandal was exposed, Swiss government politicians have tried to shield UBS and other threatened Swiss banks by capitulating to U.S. IRS pressures, too often at the expense of American clients. Thousands of U.S. names have been turned over to the IRS.
In effect, this has all but repealed the 1934 Bank Secrecy Law, ironically even as Swiss courts have upheld that law. As a self-serving byproduct of this, thousands of innocent Americans with Swiss bank accounts suddenly found themselves dumped in a wave of unjustified financial ethnic cleansing by nervous Swiss banks.
The truth is, there are still very solid Swiss banks that do welcome American clients. We know who they are, and we can arrange accounts with very little trouble for our Sovereign Society members.
But Swiss banking experts themselves openly now say that Swiss banks must lure affluent clients from emerging markets or face a slow death as the pursuit of tax dodgers by the U.S. IRS and European tax-collection hounds results in more fleeing assets.
Western Europeans may pull as much as US$139 billion, or 15% of their holdings, from Swiss banks, claims Herbert Hensle of Cap Gemini SA. Bank Sarasin & Cie AG reported last week that private clients withdrew US$308 billion from Swiss locations in the 12 months leading up to June 2012.
Switzerland built the world’s biggest offshore wealth center during an era of “black money” that ended when the U.S. sued UBS three years ago. Many of the highest fee-generating European and U.S. customers are withdrawing funds as the hunt for tax evaders widens.
As many as 100 Swiss banks will vanish, according to Vontobel Chief Executive Officer Zeno Staub. (Vontobel is one of the cooperative Swiss banks with which we work).
Unlike too many other offshore banks around the world, banks in Uruguay welcome American clients. Most banks offer e-banking, but a personal visit is required to open an account.
Uruguay’s financial reputation has made it an important regional financial center for all Latin America. There are 11 private banks, plus the government central bank, Banco de la República (BROU), that strictly supervises all banks in the country.
The private banks are totally or partially owned by leading American or European financial institutions. Banco Itaú and Lloyds TSB in Montevideo usually accept non-resident American clients in their retail banking branches. In addition, attesting to its regional banking role, there are over 30 representative offices of foreign banks.
The only exceptions allowed are in cases involving issues of alimony, child support, or alleged crimes such as foreign tax evasion and fraud. Even then, information can be shared only after obtaining a local court order.
The country does not automatically exchange tax or bank account information with the U.S., Canada or any other government. Uruguay does comply with Article 26 of the Organization for Economic and Community Development’s (OECD) model standards for tax information exchange requests. That is, banks may exchange information upon proof of foreign tax evasion or tax fraud.
In keeping with current international “political correctness,” Uruguay’s government does not want the country labeled as a “tax haven.” Nevertheless, Uruguay is, in fact, an offshore tax haven that imposes very few taxes on foreign residents living here.
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Diplomacia e Relações Internacionais
Uruguai: um paraíso financeiro? - Bob Bauman (Sovereign Investor)
Os EUA estão "apertando" -- para usar um termo moderado -- a Suíça, em razão de suas regras laxistas em matéria fiscal e tributária e, sobretudo, por causa de seu regime bancário, baseado no segredo bancário e no anonimato das contas individuais dos estrangeiros. Ou seja, a Suíça já não é mais o que era...
Os investidores americanos se voltam, assim para o Uruguai, um recurso já conhecido de evasores argentinos, brasileiros e vários outros na região, com muitas facilidades financeiras e total segredo de valores e transações envolvidas.
A matéria abaixo, de um consultor que quer uma comissão sobre o seu dinheiro, pretende ensinar os americanos a recorrer aos bancos uruguaios, em lugar dos suíços. Sorte deles...
Paulo Roberto de Almeida
As Swiss Banks Close Their Doors, Look to Uruguay
By Bob Bauman JD, Offshore and Asset Protection Editor
The “Switzerland of Latin America” – that’s the phrase I used six months ago when I wrote to you from Punta del Este, Uruguay. I was referring to the delightful South American country I was visiting for the first time. But that catchy phrase was not mine: 61 years ago, in the shattered wake of World War II, Uruguay was described as the "Switzerland of the Americas" in a 1951 New York Times article.
Uruguay earned that unusual name because of its popularity as a safe haven for capital and precious metals fleeing Europe at the time, and for its adoption of careful, Swiss-inspired banking laws and customs.
When I wrote about Uruguay back in March, I got some serious grief from good friends in Switzerland, claiming I had abandoned their country, which I had always called the world’s leading offshore financial center. Well, my friends, I still say that … but Switzerland and the Swiss have got some major problems of their own making – and anyone planning personal financial activities has to keep them in mind.
Money Taking Flight
In the three years since the tawdry UBS-American tax evasion scandal was exposed, Swiss government politicians have tried to shield UBS and other threatened Swiss banks by capitulating to U.S. IRS pressures, too often at the expense of American clients. Thousands of U.S. names have been turned over to the IRS.In effect, this has all but repealed the 1934 Bank Secrecy Law, ironically even as Swiss courts have upheld that law. As a self-serving byproduct of this, thousands of innocent Americans with Swiss bank accounts suddenly found themselves dumped in a wave of unjustified financial ethnic cleansing by nervous Swiss banks.
The truth is, there are still very solid Swiss banks that do welcome American clients. We know who they are, and we can arrange accounts with very little trouble for our Sovereign Society members.
But Swiss banking experts themselves openly now say that Swiss banks must lure affluent clients from emerging markets or face a slow death as the pursuit of tax dodgers by the U.S. IRS and European tax-collection hounds results in more fleeing assets.
Western Europeans may pull as much as US$139 billion, or 15% of their holdings, from Swiss banks, claims Herbert Hensle of Cap Gemini SA. Bank Sarasin & Cie AG reported last week that private clients withdrew US$308 billion from Swiss locations in the 12 months leading up to June 2012.
Switzerland built the world’s biggest offshore wealth center during an era of “black money” that ended when the U.S. sued UBS three years ago. Many of the highest fee-generating European and U.S. customers are withdrawing funds as the hunt for tax evaders widens.
As many as 100 Swiss banks will vanish, according to Vontobel Chief Executive Officer Zeno Staub. (Vontobel is one of the cooperative Swiss banks with which we work).
Solid and Confidential
By comparison, Uruguay’s banking system is solid, appealing to investors and depositors from around the world who seek a safe haven that also offers tax advantages. Since January 1, 2008, almost 400 banks have failed in the United States … meanwhile, Uruguay’s banks have operated without problems. While the U.S. GDP has shrunk, Uruguay’s continues to grow.Unlike too many other offshore banks around the world, banks in Uruguay welcome American clients. Most banks offer e-banking, but a personal visit is required to open an account.
Uruguay’s financial reputation has made it an important regional financial center for all Latin America. There are 11 private banks, plus the government central bank, Banco de la República (BROU), that strictly supervises all banks in the country.
The private banks are totally or partially owned by leading American or European financial institutions. Banco Itaú and Lloyds TSB in Montevideo usually accept non-resident American clients in their retail banking branches. In addition, attesting to its regional banking role, there are over 30 representative offices of foreign banks.
Financial Privacy Guaranteed By Law
Unlike the United States, where the PATRIOT Act has destroyed financial privacy, Uruguay’s protection is based on a bank secrecy statute (Law #15,322, 1982) that forbids banks to share information with anyone – including the government of Uruguay and foreign governments.The only exceptions allowed are in cases involving issues of alimony, child support, or alleged crimes such as foreign tax evasion and fraud. Even then, information can be shared only after obtaining a local court order.
The country does not automatically exchange tax or bank account information with the U.S., Canada or any other government. Uruguay does comply with Article 26 of the Organization for Economic and Community Development’s (OECD) model standards for tax information exchange requests. That is, banks may exchange information upon proof of foreign tax evasion or tax fraud.
In keeping with current international “political correctness,” Uruguay’s government does not want the country labeled as a “tax haven.” Nevertheless, Uruguay is, in fact, an offshore tax haven that imposes very few taxes on foreign residents living here.
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- O Estado No Brasil: Sempre O Principal Fora-da-lei - Financial Times
Brazilian Banks Could Owe More Than $140 Billion Financial Times, February 18, 2014 A new report by Brazilian banks suggests a legal battle over the consequences of economic plans launched nearly three decades ago could cost them more than $140 billion,...
- A China Perdeu A Paciencia Com Seu Enfant Terrible? - Financial Times
China banks rein in support for North KoreaBy Simon Rabinovitch in Dandong, ChinaFinancial Times, 14/05/2013 Top Chinese banks have halted most dealings with North Korea, an unprecedented move to use financial leverage against Pyongyang that...
- Quem Deve A Quem, Na Europa?- Uma Teia De Devedores E Credores
Eurozone debt web: who owes what to whom? BBC, 18/11/2011 The circle below shows the gross external, or foreign, debt of some of the main players in the eurozone as well as other big world economies. The arrows show how much money is owed by each country...
- Capitalistas Brasileiros Invadindo A Florida...
Gostaria de saber o que pensariam disto os teóricos da "dependência" e aqueles papagaios de pirata, ou seja, os repetidores do marxismo vulgar no Brasil: Brazilian, Spanish Buyers Inject New Life into Florida's Community Banks From the Editors...
- Contradicoes Do Capitalismo: Bancos Americanos Possuem Muito Dinheiro
Ironia da história: com a crise, os bancos não estão encontrando muitas oportunidades para investir. Dentro em pouco vão recusar depósitos de clientes... In Cash Glut, Banks Try to Discourage New Deposits From the Editors of American Banker, July...