Tag Archives | swiss bank secrecy

UBS Strike Deal With US To Hand Over Biggest Accounts

A preliminary agreement has been reached in the tax evasion dispute between Swiss Bank UBS and US authorities. UBS has agreed “in principle” to hand over records of 5’000 of the biggest accounts that allegedly conceal unreported wealth.The agreement diffuses a potentially embarrassing conflict between Swiss and US authorities. Although the US government originally sought […]

Continue Reading

Offshore Banking: Swiss Could Make Concessions

Switzerland’s finance minister has raised the possibility of bargaining in certain cases over Swiss bank secrecy. “Certain matters of fact must be up for debate,” said Hans-Rudolf Merz, who also holds the country’s presidency. “We will perhaps have to make concessions in some cases or others.’ Merz also suggested that Switzerland may have to make […]

Continue Reading