https://feeds.thelocal.com/ Read the latest news and views from Switzerland in English en-us news@thelocal.com (TheLocal) webmaster@thelocal.com (TheLocal) TheLocal RSS Feed The Netherlands have requested information on a large number of Swiss bank accounts held by residents of its country in connection with a tax probe, Swiss authorities confirmed at the weekend. https://www.thelocal.ch/20150927/netherlands-seek-swiss-help-on-tax-dodgers Sun, 27 Sep 2015 12:50:54 +0200 netherlands-seek-swiss-help-on-tax-dodgers Lugano-based bank BSI will pay a $211 million penalty after acknowledging it helped clients create sham identities to evade American taxes, the US Justice Department announced on Monday. https://www.thelocal.ch/20150330/us-hits-swiss-bsi-bank-with-211-million-penalty Mon, 30 Mar 2015 22:20:51 +0200 us-hits-swiss-bsi-bank-with-211-million-penalty The Swiss lower house of parliament has approved a bill that would prevent banks from being able to continue deducting fines for wrongdoing from their taxable income. https://www.thelocal.ch/20150302/bank-fines-no-longer-tax-deductible-under-new-bill Mon, 02 Mar 2015 21:51:13 +0100 bank-fines-no-longer-tax-deductible-under-new-bill A former UBS employee became the first Swiss banker in history to be penalized for espionage after being convicted for passing on bank statement details to US authorities in a decision that escaped media attention for almost three months. https://www.thelocal.ch/20141014/first-swiss-banker-penalized-for-espionage Tue, 14 Oct 2014 11:46:00 +0200 first-swiss-banker-penalized-for-espionage Swisspartners says it will pay a $4.4-million fine to avoid prosecution over its past assistance to US tax dodgers, with Washington hailing the asset manager for its "extraordinary cooperation." https://www.thelocal.ch/20140511/swisspartners-pays-44mn-to-avoid-us-tax-fraud-charges Sun, 11 May 2014 11:32:00 +0200 swisspartners-pays-44mn-to-avoid-us-tax-fraud-charges Switzerland was among 47 countries that signed up on Tuesday to automatically share bank account data, the Organization for Economic Co-operation and Development (OECD) said, in what has been touted as a major step towards cracking down on global tax evasion. https://www.thelocal.ch/20140506/swiss-signs-on-to-oecd-tax Wed, 07 May 2014 01:08:00 +0200 swiss-signs-on-to-oecd-tax Two influential American senators want the US justice department (DOJ) to seek the extradition of more than 50 Swiss bankers and financial advisers who have been charged by the department for aiding and abetting tax evasion. https://www.thelocal.ch/20140319/us-senators-call-for-extradition-of-swiss-bankers Wed, 19 Mar 2014 11:24:00 +0100 us-senators-call-for-extradition-of-swiss-bankers As an American hunt for tax evaders and their accomplices gains momentum, many Swiss bankers are afraid to go abroad for fear of arrest, one business leader said in an interview published on Sunday. https://www.thelocal.ch/20131027/us-hunt-for-tax-evaders-feeds-banker-paranoia Sun, 27 Oct 2013 20:26:00 +0100 us-hunt-for-tax-evaders-feeds-banker-paranoia A former top executive at Swiss banking giant UBS wanted in the United States for allegedly helping wealthy Americans hide $20 billion from the taxman has been arrested in Italy, police said on Sunday. https://www.thelocal.ch/20131020/fugitive-ubs-exec-arrested-in-italian-hotel Mon, 21 Oct 2013 00:09:00 +0200 fugitive-ubs-exec-arrested-in-italian-hotel Switzerland intends to sign an international deal on exchanging tax information, the government said on Wednesday, saying this demonstrated that it was committed to fighting tax evasion. https://www.thelocal.ch/20131009/bern-ready-to-sign-global-tax-exchange-deal Wed, 09 Oct 2013 17:48:00 +0200 bern-ready-to-sign-global-tax-exchange-deal Switzerland is racing to end a bitter dispute with Washington over Swiss bank accounts held by US tax dodgers, but observers warn the new-found peace could come at a high cost. https://www.thelocal.ch/20130910/swiss-backing-of-fatca-devastates-finance-sector Tue, 10 Sep 2013 11:49:00 +0200 swiss-backing-of-fatca-devastates-finance-sector Swiss MPs voted on Monday in favour of a law requiring Swiss banks to report the holdings of their US clients to US tax authorities in a bid to smooth ties with Washington. https://www.thelocal.ch/20130909/swiss-mps-endorse-us-tax-compliance-deal Mon, 09 Sep 2013 22:33:00 +0200 swiss-mps-endorse-us-tax-compliance-deal The Swiss government agreed on Wednesday to a new plan aimed at halting Washington's legal action against banks in Switzerland suspected of stashing cash for American tax dodgers. https://www.thelocal.ch/20130828/swiss-unveil-new-plan-to-end-us-tax-dispute Wed, 28 Aug 2013 19:16:00 +0200 swiss-unveil-new-plan-to-end-us-tax-dispute Switzerland's highest court ruled on Friday that Swiss bank Credit Suisse was free to transfer data to US authorities concerning clients suspected of tax dodging, ending a long series of legal challenges. https://www.thelocal.ch/20130706/swiss-court-oks-credit-suisse-data-transfer-to-us Sat, 06 Jul 2013 11:13:00 +0200 swiss-court-oks-credit-suisse-data-transfer-to-us The federal government revealed plans in Bern on Wednesday to settle a bitter dispute with Washington after lawmakers rejected a deal that would have halted US legal action against Swiss banks suspected of stashing cash for American tax dodgers. https://www.thelocal.ch/20130703/bern-reveals-solution-for-us-tax-evasion-dispute Thu, 04 Jul 2013 00:44:00 +0200 bern-reveals-solution-for-us-tax-evasion-dispute Share prices in Swiss banks plummeted Thursday, a day after lawmakers in Bern rejected a deal with Washington to halt potentially ruinous US legal action against banks suspected of stashing cash for US tax dodgers. https://www.thelocal.ch/20130620/swiss-banks-slump-after-lex-usa-rejection Thu, 20 Jun 2013 17:38:00 +0200 swiss-banks-slump-after-lex-usa-rejection Swiss lawmakers rejected on Wednesday a deal proposed by Washington to expose American tax dodgers and halt a raft a US lawsuits provided that Swiss banks that helped stash the cash pay massive fines. https://www.thelocal.ch/20130619/mps-quash-deal-with-americans-over-tax-evasion Wed, 19 Jun 2013 21:04:00 +0200 mps-quash-deal-with-americans-over-tax-evasion Switzerland's senate on Wednesday again backed a deal with Washington to expose US tax dodgers and fine Swiss banks which helped hide their money, a day after G8 leaders agreed to chase cheats and corporate fiddles. https://www.thelocal.ch/20130619/parliamentary-ping-pong-played-on-lex-usa Wed, 19 Jun 2013 16:58:00 +0200 parliamentary-ping-pong-played-on-lex-usa Foreign banks based in Switzerland called on Monday for a rapid resolution of a dispute with Washington over Swiss banks' role in tax evasion by Americans, warning the prolonged uncertainty was putting entire financial institutions at risk. https://www.thelocal.ch/20130617/foreign-banks-call-for-swiss-tax-deal-with-us Mon, 17 Jun 2013 21:09:00 +0200 foreign-banks-call-for-swiss-tax-deal-with-us Switzerland's upper house of parliament voted Wednesday in favour of a secretive deal between Bern and Washington to settle a legal battle over Swiss banks' alleged complicity in tax evasion by Americans. https://www.thelocal.ch/20130612/lex-usa-bank-deal-clears-swiss-senate Wed, 12 Jun 2013 20:37:00 +0200 lex-usa-bank-deal-clears-swiss-senate