• whotookkarl@lemmy.world
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    13 days ago

    If you’re asking why wealthy people run to Switzerland specifically I have to assume it is in part due to the history of banks that make disclosing ownership a crime making them useful to hide capital in offshore accounts to dodge taxes in their home country, stash money related to crime or exploitation, laundering, etc. While their money may be stored anonymously once they show up in person they themselves are no longer anonymous and subject to arrest.