1. Wealth
March 9, 2009

WSJ: Swiss to review banking laws

By Spear's

Switzerland’s government on Friday gave a panel two weeks to advise on whether the country should loosen its banking laws to allow the release of information on tax evaders to foreign governments.

From the Wall Street Journal:

By DAVID CRAWFORD

Switzerland’s government on Friday gave a panel two weeks to advise on whether the country should loosen its banking laws to allow the release of information on tax evaders to foreign governments.

Switzerland’s banking system, which is known for its secrecy, has come under intense pressure from U.S. tax authorities, which are pursuing a civil suit against UBS AG in a Miami court to provide data on 52,000 American depositors.

To read the full article, visit wsj.com

Content from our partners
How Guernsey’s private trustee structures can protect assets 
Luštica Bay: The Adriatic's most coveted address
AI, growth and public policy: What is the future for Britain?

Websites in our network