“Swiss banks holding US citizens’ funds that are not declared to American tax authorities are set to have to pay a massive fine, under a deal between Switzerland and Washington, a newspaper reported Wednesday. The Swiss daily Neue Zuercher Zeitung, quoting sources familiar with the talks, said that the fine could reach 40 percent of the funds in question. Swiss media have reported that under a compromise hammered out by negotiators, the 300 banks in Switzerland would be classed according to their level of alleged complicity in tax evasion. The dozen banks seen as the main perpetrators would reportedly be forced to make a case-by-case deal with the United States.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Body of Teen Killed by US Border Patrol Returned to Guatemala
Fed looks at imposing exit fees on bond funds
Police Chief, Citing Joke Site: 'Legal Pot Killed 37 People On First Day'
Latin America demands answers from U.S. on spying
Pharma firms paid East German state to test drugs on population
Food prices may be catalyst for 2013 revolutions
Johns Hopkins researchers reverse Down syndrome in mice
Swiss middle class real income continues to rise
BIS chief fears fresh Lehman from worldwide debt surge
Over 700 arrested so far in North Carolina 'Moral Monday' protests
Homeland Security prompted panic withdrawals that sank Mt. Gox
Money 3.0: How Bitcoins May Change the Global Economy
John Kerry calls Beijing 'provocative' in South China Sea disputes
US security chief calls national debt 'a dire threat'
Turkey cashes in on the Iran talks