The Buffets and the Gates of the US will be shedding a few tears this week as the United States and Switzerland have reached an agreement that brings the status of the latter as a tax haven for Americans (or will they?). No more hiding their cash away in Swiss banks. No more tax avoidance and money laundering. No more secret accounts and banking secrecy. At one time bankers could be trusted to keep secrets. These days they can’t. There’s always someone somewhere willing to pay more than the secret of what you have locked away in the vaults is actually worth. The US and Switzerland have been talking over the ... (full story)