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Article

24 Nov 2015

Author:
Tax Justice Network

Whistleblower reflects on experience in private banking & effects of speaking out

"Tax Justice Focus - The newsletter of the tax justice network", 24 Nov 2015

...According to the Tax Justice Network, financial secrecy legislation is a driver and enabler of financial crime…From this edition of the Focus, we can see that not only are financial secrecy laws conducive to crime, but they are hostile to those people who believe in a fair, just and equitable system of democratic banking in the twenty-first century. There are certain protections afforded for whistleblowers under UK law…This edition of Focus gives a platform to those people who believe it is possible to exist in a world with just, fair and reasonable banking practices…Stephanie Gibaud reflects on her experience in private banking and explores the reality of what happens once someone decides to speak out about unethical or illegal activity…Professor William Byrnes…explore[s] the relationship between whistleblowing and tax compliance and highlights the much anticipated legislation of several offshore jurisdictions who are looking to introduce statutory laws to protect whistleblowers who report tax crimes…[Refers to Amazon, Apple, Caterpillar, Facebook, HSBC, Starbucks, UBS, Vodafone]