"No politician or member of the Italian economy that does not have an account in Switzerland." The role of the financial center in creating economic empire of Silvio Berlusconi. Berlusconi's silence on the tax shield and the war between Tremonti and the Premier.LUGANO - For Italians, the Canton Ticino is a classic square Off-Shore. Among the 15,000 employed in the financial center, there is a certain fear: Giulio Tremonti wants to drain the banks Lugano.
The Italian authorities estimated that about 600 billion the funds not declared to the tax deposited in Switzerland. Rico von Wyss, professor at the University of St. Gallen, includes data 20min.ch the Swiss National Bank. Of 4.012 trillion Swiss francs managed in Switzerland, are 300 ones in Ticino. And of these 200 would be 300 billion belonging to Italian customers.
Ticino, with Lugano, is considered the third Swiss financial center. In the banking sector to do the lion's share that is Zurich, with 43% of employees value, place it definitely in first place in Switzerland. Geneva follows with 19% and, finally, Lugano, which with its 5% is considered a junior partner. For clients with the Italian banking center Ticino has many advantages. In the spheres of influence, the Ticino is now recognized as belonging to the metropolitan area of Milan. "Geographical proximity is popular with Italian customers - says the professor - and there are no language barriers with the bank advisors.
Now the economic and financial crisis heightens the need of states to drain public money to boost consumption and the economy. Major European countries have developed tax amnesties to bring back capital was not declared in foreign countries. Today Blick shows a kind of map of the funds blacks. 193.4 billions of francs would not declared to the German tax authorities converged in Switzerland, while the Italians 185.2. A mountain of money.
After the blitz of Financial Police and Revenue Agency the day before yesterday, with the raid of 76 branches of Swiss banks in Italy, the Swiss government expressed its concern and calls the Ambassador of Italy in Berne.
The tension increases as the feeling of hostility towards the Italian economic policy, considered offensive by a large part of the Swiss side. Blick to a former director with years of experience at one of the largest banks in Ticino said that if he spoke, the Italian government would fall in a day. " "There is no government officials, none of the Italian economy in the world that does not have an account in Switzerland," said the former director at Blick.
The German speaking Swiss newspaper that Prime Minister Berlusconi of the danger he would run if you expose too much on the shield, adding that after he was criticized during the G20 in London, Berlusconi was no longer exposed on the issue. The Blick recalls the mysterious rise of Berlusconi and the decisive role of the financial center in Canton Ticino. "Thanks to the silence of the lawyers and bankers Ticino - As it says on Blick - is not yet clear where they got the millions that have allowed the rise of his Fininvest empire built around."
Finally, the paper one wonders if this policy full of attacks against Switzerland could not be suicide against the government of Berlusconi. "In the eyes of bankers is a war going on between Berlusconi and the Finance Minister Giulio Tremonti. Latter, it seems, would stand as the successor to Berlusconi.