anyone read the afr today - rivkin, richo etc, page-12

disagree - not free enterprise, not democracy, quite the opposite - this will open a can of worms but it will be opened

just because it is possible doesn't make it legal
Swiss bank accounts are perfect for tax evasion because they are anonymous and the Swiss authorities won't disclose identities
in this case the whole thing was exposed because of a prosecution in Switzerland

as Australian residents we must disclose ALL income, even offshore income, this will sink a few dirty-birds