“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
(Visited 29 times, 1 visits today)
Related posts:
Iran to be hooked up to global banks in weeks; U.S. investors still banned
How Crowdsourcing Solves Medical Mysteries
Senate-crafted Syria resolution riddled with loopholes for Obama
New Hampshire cop to plead guilty to sexually assaulting a teenager
Why the housing sector won’t save the broader economy
Bitcoins Buy a $500,000 Villa in Bali
Did cops need to kill a 95-year-old veteran with a Taser, riot shield and shotgun?
Senate approves Obama request to arm, train Syrian rebels
Man Indicted In Scheme To Blackmail Romney Over Tax Returns
Feeding Stray Cats In Philly Town Could Leave You Responsible For Their Health
McAlester police officer charged with a felony in tasing of handcuffed woman
White House faces high bar on Syria after Bush Administration’s Iraq lies
Say hello to intelligent pills
U.S. gold bars and coins find new home overseas on Asian demand
California governor signs bill legalizing Bitcoin, other digital currencies