Switzerland to help banks
Source: Agencies |
July 4, 2013, Thursday
|
Print Edition
Print Edition
SWISS banks will be allowed to cooperate with US authorities under a government plan agreed yesterday aimed at saving the industry from criminal charges of helping Americans evade tax.
US authorities want Swiss banks to pay fines potentially totaling US$10 billion and hand over the names of Americans they suspect of using secret accounts to evade tax, but strict secrecy laws stop the banks from complying.
The Swiss government said it had agreed the parameters under which banks could cooperate and said they could apply for individual permission to allow them to settle tax investigations, though they would not be allowed to hand over client names. But banks will be allowed to reveal information that would help US authorities identify wealthy clients who are evading taxes, without naming them.
US authorities want Swiss banks to pay fines potentially totaling US$10 billion and hand over the names of Americans they suspect of using secret accounts to evade tax, but strict secrecy laws stop the banks from complying.
The Swiss government said it had agreed the parameters under which banks could cooperate and said they could apply for individual permission to allow them to settle tax investigations, though they would not be allowed to hand over client names. But banks will be allowed to reveal information that would help US authorities identify wealthy clients who are evading taxes, without naming them.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
