101.7 FM IN GENEVA DAB+, CABLE & SATELLITE ACROSS SWITZERLAND
The U.S. ambassador to Switzerland says hundreds of Swiss dual citizens have given up their American passports in what he calls a “big phenomenon” now in the country.
Donald Beyer told the business paper the Handelszeitung that stricter enforcement of U.S. laws make having a US passport less attractive.
He said the relationship with Switzerland only has one problem: American justice officials trying to pursue tax evaders without infringing on Swiss laws.
The paper asked Beyer why the American relationship was so much better with Liechtenstein, to which he replied that the principality made a decision to break from black or gray lists, and adopted a “clean money strategy” very early.
Total comments: 1 | Add to the discussion.
The last comment about Lichtenstein is not true. In fact lots of dirty money transits through Lichtenstein and Luxembourg because it was rejected in Switzerland. Many Americans in Switzerland feel the pressure to give up their passports because the Swiss system is so rigorous that even “clean” Americans can’t bear it anymore.