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:
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.
Related
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
