Morality demands rethink of UK-Swiss tax deal

Swiss bank

Ministers should urgently rethink plans for a deal with Switzerland which would see UK tax evaders let off lightly while harming poor countries, says Christian Aid.

‘We fear that the agreement will be soft on the Britons who have illegally hidden billions in the Alpine tax haven but hard on developing countries, which also suffer from Swiss banking secrecy,’ said Christian Aid Director Loretta Minghella.

‘In a week when there has been a lot of talk in the UK – following the riots – of a moral deficit in society, it is extraordin­ary that the UK Government appears poised to let tax evaders off with nothing more than a regular tax bill.

‘People who have hidden money in secret Swiss bank accounts in order to evade their legal responsibi­lities to the UK will be able to escape unpunished and they won’t even have to reveal their identities to the UK taxman.’

The proposed agreement will lead to Britons with secret Swiss bank accounts starting to pay tax on them, which the Swiss will pass on to the UK – but crucially, without revealing those people’s identities.

Christian Aid believes the deal will seriously damage global efforts to curb tax dodging – a menace which it estimates costs poor countries $160 billion a year, far more than they receive in aid.

Germany is also reported to have initialed a similar deal with Switzerland.

Poor countries lack the political and economic clout to do such deals with Switzerland – but they too lose billions as a result of money being illegally hidden in tax havens.

And just like the UK, they need that money to fund vital public services such as schools, hospitals and justice systems.

Ms Minghella added: ‘I urge UK ministers to reconsider the Swiss tax deal as a matter of urgency.’

Christian Aid is calling on the UK and other G20 Governments to use their November summit meeting in Cannes to bring about an end to the tax haven secrecy exemplified by Switzerland.

Specifically, the G20 should broker a new system of automatic information exchange between Governments – including those of poor countries – to help them to detect when citizens hide wealth offshore.

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6 Comments

  1. Jack loach says:

    The following two extracts were taken from a 339 page file /document sent to —–640 MP’s —- 460 Lords . —-on —Aug.4 – 6th. 2011.

    Ivan Pictet.

    Managing Partner in Pictet & Cie Bank – Switzerland. ( Stepped down.)
    President of Geneva Financial Centre.( Stepped Down)
    World Bank committee member.
    United Nations. Investment Committee member.
    Vice President – Global Humanitarian Forum.
    Member of Henokiens.
    Blackstone Group — Board Member.
    Past President – Geneva Private Bankers Association. ( Stepped Down.)

    Peter Humphries met Ivan Pictet in their London offices to open an account .( 18th.May. 1995.) He was introduced to Ivan Pictet by a mutual friend a Mr. David Armitage .
    When Ivan Pictet responded to a fax sent by David Armitage in 1997 regarding Loach and Humphries paper work and the fact that they hadn’t been paid , he commented that Susan Oliphant was ( just a secretary , with no authority.) yet her business card showed her to be ( Manager Private Clients. )
    Doc. (7). David Armitage .—Fax to Jack Loach. ( From Pictet File.)
    Doc. (8). David Armitage. — Witness Statement.

    Her witness statement given in March. 2000 to West Yorkshire Fraud
    Squad reads ( she was a manager in the private clients section) .
    From her statement it showed that she had been a manager some four to five years when Ivan Pictet lied about her status .

    Ivan Pictet told an even more unbelievable lie when he told Mr.David
    Armitage that the paperwork he had faxed through were forgeries .
    Ivan Pictet then told David Armitage to destroy the documents , which he did , thankfully they were only copies .

    A letter from Pictet & Cie legal dept . April. 1998 backed up their bosses story with regards to the authenticity of the documents by saying that they had been misappropriated and misused . ( Yes by their management .)

    Doc. (1). Legal Dept. – Pictet.– to solicitors – Adelstone/Keane.

    In Leeds Court in 2001 , the documents that Ivan Pictet wanted destroyed were admitted when given in evidence .( They were genuine .)

    Surely with a bank of such reputation ( the Rolls Royce of Swiss bank’s ) they would have called in the police to catch anybody using or forging their paperwork . ( They were genuine .)

    West Yorkshire Police /Bradford Court. Order 1999.
    Yet they still withheld crucial documentation required under this order.

    In early 2001 Ivan Pictet and all his partner’s at the Pictet & Cie bank in Geneva were made aware of our complaints and were told of their non compliance with the Court Order . Re- Judge Mcallum in 1999 . Sending them the evidence and the documentation . The only reply we got was from their solicitor in London a Monty Raphael , to send all future correspondence to him .

    Feb .26th 2004 . Barry Sheerman .M.P. writes to Ivan Pictet about both Mr.Humphries and Mr.Loach’s complaints explaining his concern and the serious nature of their complaints . Solicitor Monty Raphael replies .

    Doc. (A). Barry Sheerman .M.P.— to Ivan Pictet. Geneva.
    When the F.S.A began to investigate a complaint made by Mr.Humphries and Mr.Loach , Susan Oliphant left the bank in the same month that the complaint landed at the F.S.A. ( She had remained in the banks employment some five years after the crimes were committed , the crimes of which the bank were well aware .)

    The F.S.A. concluded after their so called investigation that with Susan Broadhead already having left Pictet Asset Management who was there to prosecute . The bank and the F.S.A . referred to her as a (Rogue Element)
    In our opinion she was made the scapegoat .

    Ivan Pictet. ( Some of the crimes he committed.)
    (1) Conspiring to pervert the Course of Justice.
    (2) Perverting the Course of Justice.
    (3) Contempt of Court.

  2. jack loach says:

    Pictet & Cie. Bank – list of crimes.

    1996 — Breach in London.
    2003 — FSA — States rogues operating in Pictet’s –London
    Office . Ivan Pictet said documents were forgeries but
    were lated proved to be genuine. Had documents held
    in London office destroyed. (hoping to hide crimes.)

    2007 — Japan. —- The Securities and Exchange Surveillance
    issued a recommendation that the Prime Minister and
    The Commissioner of the FSA to take disciplinary
    action against Pictet Asset Management. Japan Ltd.

    2008 — Dec. —Pictet Bank state — “ we have never chosen
    any funds linked to Madoff.”

    2011 — Madoff Trustees sue Pictet & Cie. For $156 Million.

    2011— Bank at centre of Bribery and money laundering case.
    Being sued for $350 million. ( In U.S.A.)

    2012.— April.– Geneva Bank Pictet used in Offshore Tax
    Scheme U.S. Authority states.

    2012.— July.– De- Spiegel —- States– Pictet Bank uses
    a letter box company in Panama and a tax loophole in
    London to gain German millionaires as clients.

  3. jack loach says:

    British Justice. — Update. Sept 16th 2012.

    Lawyers — we cannot promise you’ll get justice but you will get the law.
    We are getting neither.

    The Problem.— the following are supposed to be whiter than white.

    Lawyers. –Peters & Peters.-London.— Monty Raphael. Q.C.
    Bankers.- Pictet& Cie.-London- Switzerland.— Ivan Pictet.
    Government Institutions . F.S.A.- Financial Services Authority.
    Police.— Sir Norman Bettison. and numerous West Yorkshire Police
    officers –guilty of crimes.

    ** They have broken the “law” but we cannot get “justice.”

    We were fobbed off in 2005 by the FSA when we pointed out some fifteen
    shortcomings in their regulatory and legal obligations in dealing with the banks.
    Along came RBS and all that followed. Banking chaos — completely out of
    control. Brought the country to its knees.

    Our dealings with Law Enforcement bodies at all levels showed the same
    arrogance — we are the law we protect our own — bugger Joe public. —
    bugger the laws we are paid to enforce.

    Sir Norman Bettison –Chief Constable –West Yorkshire Police ordered the Forces
    Solicitor to ignore a High Court judges ruling to hand over “ non sensitive –
    unused material” — . ( can anybody control him.)

    Monty Raphael Q.C. — too clever by half — in conjunction with his client the
    notorious Pictet & Cie. Swiss Bank — decide to leave out / destroy crucial
    documents requested under a High Court Order.

    None of the above pillar’s of society will take me to Court and say I’m telling
    untruth’s, I keep on hoping.

    Read the story;

    Google; — Ivan Pictet. Banker.

  4. jack loach says:

    Update —- Sept.9th 2013.

    Pictet & Cie Bank
    List of Crimes.
    1996 — F.S.A. — Breach in London.
    2003 — F.S.A. — States
    Rogues were operating in Pictet’s London offices.
    Ivan Pictet states that documents were forgeries but were later proved to be genuine in the British Courts. ( Ivan Pictet a proven liar.). He had documents destroyed in their London office – hoping to hide the crimes.
    2007 — The Securities&Exchange Surveillance ( Japan.)
    Issued a recommendation that the Prime Minister and the Commissioner of the F.S.A. to take disciplinary action against Pictet Asset Management – Japan Ltd.
    2008 — Dec. — Pictet Bank state – “ We have never chosen any funds linked to MADOFF.
    2011 – Madoff Trustees sue Pictet & Cie. Bank . for $156,000,000. ( They lied again.)
    2011 — Pictet & Cie bank abetted a Bribery Scheme. — Oil Company sues Pictet Bank for — $350,000,000.
    2012 — April.—Pictet & Cie, Bank .Geneva implicated in offshore Tax Scheme. –USA .
    2012 — June. — Published in Anglo INFO. Geneva, —- USA Trust Fund were sent false and fraudulent documents by Pictet Bank in order to collect large fees.
    (Like MADOFF). – Even after the SEC in the USA had uncovered the fraud Pictet Bank continued to charge fees and drain whatever was left in these accounts.
    Estimated that – $90,000,000 was lost in this Pictet Ponzi Scheme.
    2012 — July — German paper –De – Spiegel — states — Pictet Bank uses a letterbox company in Panama and a tax loophole involving investments in London to lure/gain German Millionaires as clients.
    2012 — August. — German Oppositon Leader accuses Swiss Banks of “ organised crime”.
    2013 — Swiss M.P.’s table motion to freeze Tiab Mahmuds assets of “ criminal origins” held in Swiss banks — $18,000,000 held in five accounts at Pictet & Cie Bank . Bahamas.
    2013 — Feb. — The bank is now seeking to re-structure — to cut the partners liability ( not to risk their ill gotten personal wealth.) — hoping to offload the decades of criminal responsibility. ( Some listed above.)
    The Germans are right – the bankers should go to prison if found guilty of financial crimes. ( Madoff got 150 years in prison — surely the Pictet Bank’s partners should go to jail.)
    Ironically the Pictet & Cie .Bank partners are bigger criminals than the criminals who have accounts in their bank.
    _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
    Pictet & Cie Bank.— Partners —– ( 1996—2013)—Guilty.
    Peters & Peters — Partners —— (1996 — 2013) —Guilty.
    The bank and it’s officials/lawyers deliberately withheld crucial documents requested under a High Court Order. The bank and it’s officials/lawyers deliberately held evidence from the police/courts.
    One of Pictet’s accounts managers SUSAN BROADHEAD gave a false witness statement to the police. The banks Head of Alternative Investments concocted a letter pretending to be a client and closed his account.
    The senior partner ( IVAN PICTET) sought to have numerous documents destroyed along with copies held in their London Office’s of Pictet Asset Management. Initially stating that they were forgeries.
    Their lawyers PETERS & PETERS —– re MONTY RAPHAEL.Q.C. and the barrister CHARLES FLINT. Q.C. later had to admit in Court that the documents were indeed genuine.
    British Parliament. Hansard.
    Barry Sheerman .M.P. — quote:
    “ Constituents of mine have lost £2,000,000. through fraud. The fraudster used Pictet & Cie – a French Bank – and Pictet Asset Management to back the fraud being perpetrated”.
    Both Ivan Pictet and Monty Raphael Q.C. conspired to withhold crucial documents requested by the High Court —- the F.S.A —– and the Police Fraud Squad.
    Written Parliamentary Questions received by the table office.
    (1) To ask the secretary of state what steps he is taking to ensure that Swiss Banks such as Pictet & Cie do not evade criminal prosecution under EU law even when the illegal act is committed by a London based subsidiary.
    (2) To ask the secretary of state what steps he is taking mto protect the rights of UK citizens who seek redress following criminal activities by Swiss banks with subsidiary offices located in London.
    – – – – – – – – – – – – – – – .
    The consensus of opinion is that Pictet & Cie bank should be prosecuted, and that their U.K. Banking licence should be taken away.
    Their Solicitors at Peters & Peters.London. – “ Struck off and prosecuted.
    In America they would have all been in prison for the last seven years.

    Full Story. —– Google or Yahoo.
    Ivan Pictet. Banker.
    Charles Pictet. Banker.
    Nicolas Pictet. Banker.
    Renaud de Plant. Banker.
    Francois DeMole. Banker.
    Jacques de Saussure. Banker.
    Philippe Bertherat. Banker.

    For several years we placed the following on hundreds of media sites —
    *** Were currently waiting to see if the West Yorkshire Police :-
    (1) Chief Constable —- Sir Norman Bettison.
    (2) Forces Solicitor —- Mike Percival.
    (3) Head of Economic Crimes Unit.— Det. Chief Inspector Steven Taylor.
    — continue to attempt to cover this case up like their F.S.A. Counterparts.
    We can now confirm that all three of West Yorkshire’s senior police officials have all been removed from their posts and facing criminal allegations.

  5. jack loach says:

    Sods —- Law.

    Dec. 2013.

    For almost two decades we have strived to get justice for the injustice we have suffered at the hands of a world renowned bank .

    Two Yorkshire men both running their own family businesses trying to resolve the problem by taking the correct legal procedures to recover their monies.

    The matter was raised in parliament –twice – the FSA investigated the matter concluding that the bank had rogues operating in their London Bank — but the rogues had left — so there.

    We then approached the Financial Ombudsman Service – our case was dealt with by seven different people —- then numerous E-Mails were ignored — nobody would speak to us. – so there.

    We then asked the SFO ( Serious Fraud Office) to investigate our case
    — the criteria of our case ticked all their boxes — we were instructed not to send down any documents / evidence — in fact they wrote to us advising us to go to the Citizen’s Advice Bureau. ( CAB) .

    RICHARD ALDERMAN ( The Boss) —- who responded to our letter was the man who would not investigate the “ Madoff “ scandal or the “Libor” fiasco. The MP’S committee —– said he was sloppy — and the SFO was run like “ Fred Karno’s Circus. —– so there.

    Our M.P. approached our local Chief Constable to investigate – our West
    Yorkshire Police Force — made “ Dad’s Army” look like the S.A.S.
    Inept , corrupt – from top to bottom. We were criminally dealt with by the Forces Solicitor — the Head of the Economic Crime Unit — and the Chief Constable — one SIR NORMAN BETTISON. —- so there.

    We then were advised to pass our complaint against West Yorkshire Police to the I.P.C.C.— which we did — they instructed the West Yorkshire Police to look into our complaint. —-so there.

    Sir Norman Bettison —and the Forces Solicitor –and the Head of the Economic Crime Unit – all removed from their posts and facing criminal allegatioins. — So there

    We even sought justice through the Courts , culminating in a visit to the Court of Appeal. London. On leaving the Court of Appeal that day our barrister ( a rising star ) informed us that if that was justice then they can keep it. He quit the law and moved to Canada.—-so there.

    We learned a few years later that one of the judge’s in our case at the Courts of Appeal was related to a senior executive of the Bank.—so there.

    The Bank —- PICTET & CIE.. London. — Geneva.
    Voted private bank of the year —2013.
    IVAN PICTET —- the senior partner — lied on numerous occasions and had documents destroyed — said genuine documents were forgeries.
    2012—Voted Banker of the Year.
    Oct 2013 — Given the LEGION of HONOUR — so there

    But saying that honours were given to Hitler—Eichmann— Mussolini —
    Franco – he’s in fitting company. —- so there.

    MONTY RAPHAEL –Peters & Peters. London were the banks lawyers.
    He along with Ivan Pictet withheld crucial documents requested by the High Court —- the FSA and the police Fraud Squad.

    Monty Raphael became an Honorary Queens Counsellor. ( Q.C.) in March.2012 —- made Master of the Bench in Nov.2012 .
    An expert in Fraud – the Doyen of Fraud Lawyers – so there.

    This says a lot about Banks —- the consensus of opinion is that they are highly paid “crooks” — no wonder they voted Ivan Pictet banker of the year .

    Full Story —-“ google or yahoo”

    Ivan Pictet. Banker.
    Monty Raphael.Q.C.
    Ivan Pictet/Monty Raphael.

  6. jack loach says:

    Swiss Bank Accounts. 2014.

    Is your monies safe in these accounts —- definitely NOT.
    Would you get your money back if every body decided to withdraw all their accounts – NO WAY.
    Economic Experts say that there would only enough money to repay 50% of their clients.
    Are you going to be in the 50% — that loose your money.– Get it out NOW.

    2012 — – June. — Published in Anglo INFO .Geneva.— USA Trust Fund Investors were sent false and fraudulent documents by Pictet Bank.Switzerland. in order to collect large fees. ( Like MADOFF) —Even after the SEC in the USA uncovered the fraud Pictet continued to charge fees and drain whatever was left in these accounts. Estimated that $90,000,000 million lost in this Pictet Ponzi scheme.

    2012 – – – July. — De – Spiegel. — states – Pictet Bank uses a letterbox company in
    Panama and a tax loophole involving investments in London to gain
    German millionaires as clients.

    2012 – – – August —- German Opposition Leader accuses Swiss Banks of “organised crime.”

    All the fines that crooked Swiss banks have incurred in the last few years exceeds £75.Billion.
    It is also calculated that the secrecy ” agreements” with regards to tax evation by their clients will cost the banks another £450 Billion.( paid out of your monies.)

    The banks are panicking — the are quickly restructuring their banks —- from partnerships —
    to ” LIMITED COMPANIES.” —– this will probably mean that in the future — they could
    pay you only 10% of your monies ” if you are one of the lucky ones” —- and it be legal.

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