In polite circles they call it “regularization.” More bluntly it is coming clean. Wealthy people in Europe have been admitting for years to having money they should have declared to tax authorities. For Swiss banks, that has been money out the door as clients moved it home or withdrew funds to pay taxes. But the trend is spreading to emerging markets. And starting next year, a global automatic exchange of information program...

Source: Wall Street Journal September 12, 2016 09:00 UTC