The Swiss government is bracing itself for
protracted negotiations with the United States over undeclared funds stowed by
U.S. citizens in Swiss offshore bank accounts, President Eveline
Widmer-Schlumpf told Reuters.
The two countries have for years been locked
in a conflict over the fact that wealthy Americans are dodging taxes by hiding
money in Swiss accounts. Washington is pressuring banks in Switzerland to
divulge their names and financial details.
Eleven Swiss banks including Credit Suisse and
Julius Baer are under investigation in the United States for aiding U.S.
citizens who are suspected of dodging their taxes. Credit Suisse said on Friday
that the United States had submitted a fresh request for information on former
clients of the bank, after an earlier attempt was blocked by a Swiss court….
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