A Swiss lawyer has posted YouTube adverts, giving tips on how to “save your black money in Switzerland” with “bonanza tax loopholes”. It raises the question of how far intermediaries, like lawyers, can go in defending their clients’ assets in an age of increased transparency and litigation.
In his videos, Enzo Caputo informs potential clients of “100% legal” loopholes in the global automatic exchange of tax information system. He advises on how to “fly under the radar” by investing outside of the banking system in gold, real estate trusts, classic cars or artifacts, such as original signatures of Einstein.
Offering to connect clients with dealers, or accompany them to auctions, Caputo signs off one video by saying: “Be rich, and remain rich.”
Enzo Caputo strongly denies that his Zurich-based Caputo & Partners practice assists tax evaders. His videos are part educational and part “pure marketing instrument with the goal of shaking up clients emotionally and to bring them to give me a call”, he told swissinfo.ch in a written statement. (more...)