Heh - Switzerland is annoyed at Obama
From
Politico:
Switzerland objects to portrayal as a tax haven in Obama ads
The Obama campaign's ads against Mitt Romney's foreign holdings have rubbed the government of Switzerland the wrong way.
The famously neutral country confirmed to POLITICO they have raised the issue with President Obama's Chicago campaign.
Swiss embassy spokeswoman Salome Ramseier says that it "has communicated with the Obama campaign headquarters to object to the ads giving the impression that simply having a Swiss bank account means that the accountholder is trying to hide money from the IRS."
Nothing illegal at all -- once you reach a certain wealth, it makes sense to diversify your holdings. The fact that they are in a different nation prompts me to ask why banks in the US don't offer these kinds of accounts. That people have to go abroad to invest speaks to the lack of services in our own system.
Posted by DaveH at August 22, 2012 6:09 PM