US, Swiss reach deal on American tax evaders

WASHINGTON: The US government and Switzerland have reached an agreement that could expose Americans who have used Swiss banks to avoid paying taxes.

Switzerland parliament rejects deal to expose US tax-dodgers

GENEVA: Swiss lawmakers rejected Wednesday a deal proposed by Washington to expose American tax dodgers and halt a raft a US lawsuits provided that Swiss banks that helped stash the cash pay massive fines.

Swiss must meet US "diktat" over tax: Josef Ackermann

GENEVA: Switzerland has no choice but to bow to a US ultimatum and sidestep its banking secrecy laws to end an investigation into how Swiss banks helped wealthy Americans to evade taxes, former Deutsche Bank head Josef Ackermann said.