Im not worried about Switzerland being a tax haven, Brown him self said that the whole world needs to agree or else no one will go with the tax so as more countries speak out against it the lower the chance, thats the way I see it.
When they have spoken about the whole world as did pelosi, they talk about Japan, Eu and US and sometimes Hong Kong. The major hubs, not every single country. So as of now the EU is on board in agreement according to there last draft statement this month. Now we just need to make sure Japan and the US are strong.
The Swiss have a real shot at establishing .... THE WORLDWIDE DIRECT ACCCESS ELECTRONIC SECURITIES EXCHANGE They should move like lightening on this.... An exchange is just software and CAN be located anywhere..... Proven by BATS.... All corporations would want to domicile there as well.... If the Swiss play their cards right....they can pull this off.... Go Swiss go !!!!!!!! A small issue ???? Do you think that bankers do not want to move already ???? Absolutely .... How brain-dead would traders or companies have to be ....not to move there ???? Pay 15 cents or less per $1.00 made....plus trade where it is possible to trade..... Versus impossible to trade ......and for the money you do make.... pay 30 cents to 70 cents per 100 cents....???? The Swiss would own the markets in a heartbeat !!!!!!!!! And just what are the BROWN CLOWNS/PELOSI/DEFAZIO/HARKIN going to do about it ???? The BROWN CLOWNS legacies will be how they assisted to transform the US and the UK into one giant HAITI.... This would be a natural financial change from Swiss Bank Accounts....TO SWISS SECURITIES ACCOUNTS ..... THE BROWN CLOWNS WILL BE KNOWN FOR THE DEATH OF THE SECURITIES INDUSTRY IN THE US AND THE UK....NAILS IN THEIR FINANCIAL COFFINS....CLOWNS AT THEIR FINEST HOUR....NOT ONLY WILL NO ONE BUY THEIR GOVT. ISSUES....THERE WILL NOT BE A SECURITIES MARKET EITHER....GOVTS PAY NEXT TO NOTHING AS IT IS.... If one wants capital.... it is going to have SWISS written all over it....
I haven't found any comment one way or the other from any of the Asian countries so far. Has anyone else?
I think Japan used to have one. China I doubt but still not a hub becuase there is no transparency for anything there. So I wouldnt care what China says, but only Japan.
I've been listening to the conference, there have been no apparent talks of funding and no real progress that has been agreed to, just issues with kyoto. They're taking an hour then coming back, final deal to be drafted within that time.