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Swiss seek U.S. tax deal by year-end, but not at any price-paper

Reuters reported that the Swiss government still wants to settle a long-simmering dispute with U.S. justice officials over undeclared funds stowed in Swiss offshore funds by year-end.

Switzerland wants the investigations dropped, in exchange for payment of fines and the transfer of names of thousands of U.S. bank clients. It also wants a deal to shield the remainder of its 300 or so banks from U.S. prosecution.

Switzerland was one of the jurisdiction in agreement a couple of weeks ago to fight tax evasion.



Read article from Reuters

18:59 Posted in Switzerland | Permalink | Comments (0)

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