No more hiding in Switzerland

If you've been evading taxes in Switzerland, you're out of luck. The European tax haven has announced it will no longer protect tax evaders from foreign governments. The New York Times reports that leaders of many other countries have criticized the Swiss for their tolerance of tax evaders, who have hid an estimated $7 trillion dollars in their protective borders. Austria and Luxembourg, two other tax havens, have also agreed to assist other countries in going after tax cheats.