Swiss Tax Info Sharing Law Survives Key Vote

Law360, New York (June 12, 2013, 6:34 PM EDT) -- The upper chamber of the Swiss parliament on Wednesday reportedly approved a bill that would allow Swiss banks to turn over account information requested by U.S. authorities seeking to root out tax evaders, just a day after a parliamentary committee recommended rejecting the measure.

Lawmakers in the Swiss parliament's upper house voted 24-15 to approve the measure, which will allow Swiss banks to provide account information to the U.S. Department of Justice and Internal Revenue Service without violating the country's strict bank secrecy laws, The Wall...
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