I’ve posted on the main site about the theft of client data from HSBC in Geneva. This one is aimed at French customers of HSBC.
Secrecy is a doomed tax strategy. It may be now, or it may be later. But sooner or later secrecy will fail you. (Or if it works for you, when you die you will kick the problem over to your kids. Lucky them.)
Unintended consequences, bucko. Unintended consequences. As the anti-secrecy brigade continues to push, watch carefully for signs of the unintended consequences. Subtle but inexorable, they are.
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