Swiss strike deal with U.S. over tax evasion

May 29, 2013

Switzerland has accepted a United States demand to settle a dispute over the alleged complicity of Swiss banks in tax evasion by Americans, Finance Minister Eveline Widmer-Schlumpf announced Wednesday.

“This is both a good and a practical solution,” Widmer-Schlumpf told reporters after a cabinet meeting approved the draft accord.

She indicated that the Swiss government had been presented with a take it or leave it offer by Washington.

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