News for hackers. Stuff that matters.

A comment on $1T is leaving Britain because of Brexit. Parent comment

Re:$1T is leaving Britain because of Brexit by namdnay on Monday January 07, 2019 @11:55AM (#18846903)
+ Norway and Switzerland both have partly artificial economies, buoyed by Oil for the former and dirty money for the latter.
[ Parent | on HN ]
Re:$1T is leaving Britain because of Brexit by CaptainZapp on Tuesday January 08, 2019 @09:41AM (#18855749)
Just as an aside : You're probably much better off to launder your money in London (for example via a shell company owning massively valuable real estate[1]) than in Switzerland, nowadays.

Traditionally money laundring was always much less of a problem in Switzerland than supporting tax evasion.

With the automatic exchange of information[2] this will pretty much be a non issue in the future.

[1] https://en.wikipedia.org/wiki/One_Hyde_Park

[2] https://www.efd.admin.ch/efd/en/home/themen/wirtschaft--waeh...

[ Parent | on HN ]
Re:$1T is leaving Britain because of Brexit by siquick on Monday January 07, 2019 @01:39PM (#18848434)
Britain has both oil in Scotland, and dirty money flowing through London
[ Parent | on HN ]
Re:$1T is leaving Britain because of Brexit by namdnay on Monday January 07, 2019 @03:50PM (#18849905)
Indeed, but not enough unfortunately
[ Parent | on HN ]