Switzerland proposes a bill that would lay legal basis for the country’s banks to resolve tax evasion disputes with the U.S. According to a Reuters report, the Swiss finance department indicated that the government was proposing a legislation to be rushed through parliament in the summer session in June. The government-brokered settlement has reportedly been reached. However, the Swiss government has to ensure that the deal doesn’t jeopardize the country’s reputation of keeping bank secrecy. Switzerland To Build A $2 Trillion Offshore Financial Industry: The bank secrecy tradition has facilitated Switzerland to build a $2 trillion offshore financial industry. The…
Switzerland Lays Out US Tax Deal, in Bid to Protect $2 Trillion Industry
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports