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Swiss Untaxed Assets Are ‘Serious Problem,’ Minister Tells AWP

Swiss Economy Minister Johann Schneider-Ammann said untaxed assets in Switzerland are a “serious problem,” AWP reported, citing an interview.

“Banking secrecy wasn’t invented to make a business out of embezzled money,” he told the news agency. “We now need to overcome issues from the past.”

To contact the editor responsible for this story: Simone Meier at smeier@bloomberg.net

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