Monday, April 8, 2013

Credit Suisse Threatens to Cut Off Germans




Credit Suisse is telling German clients it will stop doing business with them if they don't provide evidence their accounts comply with tax reporting rules, a move that comes as Swiss lenders look to ease international pressure over the issue.

The policy applies to all accounts held by German clients, who are being asked to submit bank documents or tax certificates to prove their funds have been taxed, according to Marc Dosch, a Credit Suisse spokesman....

Read all about it at http://online.wsj.com/article/SB10001424127887323550604578408231143701550.html?mod=WSJ_hpp_sections_markets

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