Patrick Albert This is Me

 Web References

1. 1. H.G. Christie, Ltd. - Island Resources

   www.hgchristie.com/News/Archiv - [Cached]

   Published on: 3/5/2002   Last Visited: 3/25/2002

   Patrick Albert, UBS (Bahamas) associate director, management support, said: "That's interesting," when asked for comment by The Tribune yesterday, but would make no further comment.
   
   However, one financial industry executive said of UBS' plans: "I think it's more than a rumour. Whether they've made a final decision or whether they're still moving in that direction is the real issue."
   
   The Tribune understands that Swiss financial institutions based in the Bahamas have, in general, become especially jittery over this nation's potential compliance with the OECD, adding to concerns over the TIEA signed recently with the US.
   
   Switzerland is one of the few OECD members that has refused to sign up to complying with the "harmful tax practices" initiative, as its banking executives believe it is wrong to act as tax collectors for other countries and that any move towards the OECD position would reduce their industry's competitive advantage.