26 Feb. 2008

This Is A Great Story

Who would ever believe that the tax office would be pursuing millionaires hiding money in Liechtenstein banks? At least 20 rich Aussies (names not revealed yet) are under investigation, and the bank employee who stole their information and started selling it to foreign governments is now living (in hiding and fearing for his life, it seems) in Australia.

Will the courts allow such stolen information to be used in court? How much money will the ATO spend prosecuting such cases (a few of those nabbed are already "co-operating")?

And when does the international community start forcing Swiss banks to open up their vaults and come clean?

Seriously, if we cleaned up this sort of larceny around the world, the threat of global financial recession would be significantly diminished!