Swiss Parliament Rejects Bank Tax Info Sharing Law

Law360, New York (June 18, 2013, 4:56 PM EDT) -- The lower house of the Swiss parliament on Tuesday hit back at attempts to pass legislation designed to allow U.S. authorities to root out tax evaders by requiring Swiss banks to turn over account information, rejecting a bid to debate the bill.

Swiss lawmakers voted 126 to 67 — with two abstentions — to not formally discuss the bill, titled the Federal Act on Measures to Facilitate the Resolution of the Tax Dispute Between Swiss Banks and the United States, which would allow Swiss banks to...
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