Sunday, June 09, 2013

Swiss lawyers blast secretive US bank deal...

A secretive deal between Bern and Washington over Swiss banks' alleged complicity in tax evasion by Americans is "deeply worrying," according to the new head of the Swiss Bar Association.

The deal "is deeply worrying from the rule of law point of view," Pierre-Dominique Schupp said late Friday in Lucerne after his appointment as head of the Swiss Bar Association (SAV), according to a written version of his speech.

"One should not play with the rule of law," he insisted.

Swiss Finance Minister Eveline Widmer-Schlumpf announced a deal last week that she said would put an end to the row that has been poisoning relations between Switzerland and the United States for years.

However, she acknowledged, the settlement was not a negotiated agreement but a "unilateral offer" from Washington, and due to a confidentiality clause, no details of the deal could be divulged until parliament had given it its blessing. Full story...

Relalted posts:
  1. Swiss banks face huge US tax fines...
  2. Switzerland awash with money laundering cases...
  3. Swiss govt not happy with "Romney Girl" tax haven video...
  4. US may target Swiss bankers travelling in Europe...
  5. Swiss banks come up with new safe haven...
  6. More and more Swiss-Americans ditch US passports...
  7. Why American tax evaders can no longer count on Swiss bank secrecy...

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