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Switzerland evades tax haven crackdown - 22 June 09

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Uploaded by on Jun 22, 2009

A third of all internationally invested private wealth is kept in the tiny landlocked country of Switzerland, where tax evasion is not recognised as a crime.

But Switzerland is defiantly standing behind its policy of banking secrecy, despite a global attempt to crack down on tax havens.

Al Jazeera's Hamish Macdonald reports.

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