Swiss Remain No. 1 for Secrecy in Tax Justice Ranking

Switzerland, the world’s largest center for cross-border wealth management, retained the top spot in a financial-secrecy index by the Tax Justice Network, a London-based campaign group.

Switzerland, which continues to attract money from poorer countries, was ranked No. 1 even after succumbing to pressure from the U.S. to cooperate with a probe of the Swiss financial industry and after signing more than 40 bilateral agreements on tax information administrative assistance, the London-based Tax Justice Network said in a report today.