Financial Transparency Coalition

Wall Street Journal: The Internal Revenue Service has stepped up scrutiny of offshore accounts and foreign income, an enforcement campaign that could sweep up tens of thousands of taxpayers.

Washington Post Editorial: A compromise with the United States on disclosure would be in the public interest.

ZURICH (Dow Jones)--UBS AG's (UBS) high-profile spat with the U.S. Internal Revenue Service has made some of Switzerland's other banks wary of looking after U.S.-based clients, prompting some to stop taking money from Americans altogether and menacing the country's image as a private banking center.

New Delhi (PTI) India is negotiating with Switzerland and other countries to revise the secrecy clause in bilateral treaties like double taxation avoidance agreements to get information on matters like black money.