Swiss Will Let Banks Share Info On US Tax Cheats

Law360, New York (May 29, 2013, 4:18 PM EDT) -- The Swiss government on Wednesday said it would allow the country's banks to turn over information about hidden accounts held by American clients that were not covered by an earlier agreement with U.S. tax authorities in a move aimed at putting “the past to rest.”

The Swiss Federal Council said that under the “Federal Act on Measures to Facilitate the Resolution of the Tax Dispute between Swiss Banks and the United States,” Swiss banks would now be able to turn over account information sought by U.S....
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