The Local Switzerland

Switzerland's UBS faces €3.7-billion fine as crucial court ruling looms

Tue, 19 Feb 2019 10:10:35 +0100

A Paris court will rule Wednesday on whether Swiss banking giant UBS illegally tried to convince French clients to hide billions of euros in Switzerland, charges which prompted prosecutors to seek a record €3.7-billion fine.

German minister wants to ban sale of Swiss data

Mon, 03 Sep 2012 10:47:00 +0200

The sale and purchase of CDs listing the details of Germans suspected of stashing assets in Swiss banks to avoid taxes should be made illegal, Germany's justice minister told a newspaper on Saturday.

US envoy welcomes Swiss tax accord

Wed, 07 Mar 2012 09:40:00 +0100

The United States Ambassador to Switzerland Donald Beyer on Tuesday welcomed the approval by Swiss lawmakers of a revised tax accord with the United States that eases banking secrecy rules.

Swiss agree deal to help US find tax cheats

Tue, 06 Mar 2012 10:03:00 +0100

Swiss lawmakers on Monday approved a revised tax accord with the United States that eases banking secrecy rules, allowing Washington to obtain details of tax cheats from Swiss banks with greater ease.

Switzerland wants to ease banking secrecy

Wed, 18 Jan 2012 18:47:00 +0100

Switzerland is considering new legislation to ease banking secrecy in a bid to fight money laundering, the police and justice department said on Wednesday.

Swiss bankers hid $1.2 billion: US indictment

Wed, 04 Jan 2012 10:12:00 +0100

Three Swiss bankers were indicted in the United States Tuesday, accused of hiding $1.2 billion in assets of US clients seeking to avoid declaring their full wealth to tax authorities.

US offers Switzerland tax row deal: report

Mon, 19 Dec 2011 12:55:00 +0100

American authorities have said they will lift the threat of criminal proceedings against eleven Swiss banks if they agree to reveal full details about their US offshore businesses, newspaper SonntagsZeitung reports.

Ex-Credit Suisse worker guilty of data theft

Fri, 16 Dec 2011 15:59:00 +0100

The Swiss Federal Criminal Court sentenced on Thursday a former employee of Credit Suisse to a two-year suspended sentence for breaching bank secrecy laws and money laundering.

Swiss open to talks on Greek cash stash

Wed, 19 Oct 2011 14:03:00 +0200

Switzerland and Greece are set to hold talks on a tax agreement with a view to curbing capital flight from Greece to Swiss banks and thereby increase the crisis-hit country’s tax revenues.

Talks with EU won't be easy - Calmy-Rey

Wed, 12 Oct 2011 13:41:00 +0200

Switzerland's President and Foreign Minister Micheline Calmy-Rey on Monday defended Swiss interests when she became the first ever Swiss cabinet minister to attend a foreign policy committee hearing in Brussels.

Switzerland tops global tax haven ranking

Wed, 05 Oct 2011 13:56:00 +0200

A new study on financial secrecy has found Switzerland to have the world's most opaque bank system, despite recent fiscal agreements with Germany, the UK and the US.