Switzerland's parliament would not vote for a second tax treaty to help settle U.S. charges that Credit Suisse bankers helped wealthy Americans evade taxes, Swiss politicians were quoted by HuffPo as saying on Sunday.
In 2009, the Swiss government cut a deal with Washington to hand over the details of 4,450 UBS bank accounts to the U.S. authorities to end a damaging lawsuit against the bank, lifting the veil on Switzerland's cherished tradition of banking secrecy that had helped it build up a multi-trillion-dollar offshore banking industry. But politicians of various affiliations said there was little appetite for a second deal to help Credit Suisse, which is being probed by U.S. authorities as part of a broader investigation into banks suspected of helping Americans evade taxes.
Read more at http://www.huffingtonpost.com/2011/07/24/credit-suisse-tax-evasion-switzerland_n_908020.html
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