Tax Notes Article by Randall Jackson, "Switzerland Negotiating Expanded Tax Evasion Settlement"

Swiss and U.S. officials are negotiating a multi-billion dollar tax evasion settlement.  The Swiss banks involved would pay a fine, stop undeclared offshore banking activities, and would name the banks' U.S. clients who have hid taxable assets.  In return, the U.S. would halt its investigation of the Swiss banks' tax evasion activities.

"See, Switzerland Negotiating Expanded Tax Evasion Settlement, 2011 TNT 113-6"

Posted by Adam Fleischer, Associate Editor, Wealth Strategies Journal