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 U.S., Forces Swiss to Share Data on Tax Evaders

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U.S., Forces Swiss to Share Data on Tax Evaders Vide
PostSubject: U.S., Forces Swiss to Share Data on Tax Evaders   U.S., Forces Swiss to Share Data on Tax Evaders Icon_minitimeSat Jun 20, 2009 3:51 am
The U.S. and Switzerland said they 'agreed' to share information on potential tax evaders for the first time, the latest step toward eroding Switzerland's renowned banking secrecy.

U.S. Treasury Secretary Timothy Geithner said the deal, which the governments began negotiating in April, "will help bring an end to an era of offshore accounts and investments being used for tax evasion." The U.S. declined to release details until the deal, which could face a referendum in Switzerland, has been completed and signed.

http://online.wsj.com/article/SB124545426008332895.html#

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