Swiss, U.S. May Have Deal On Banks

August 1st, 2009

The Washington Post

The U.S. and Swiss governments have tentatively settled a legal dispute in which the U.S. government was demanding the names of thousands of Americans suspected of using Swiss bank accounts to hide money from the Internal Revenue Service.

The two sides have “reached an agreement in principle on the major issues” and expect to resolve remaining points over the next week, Justice Department lawyer Stuart D. Gibson told a federal judge Friday.

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