July 20th, 2009
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.
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July 19th, 2009
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.
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July 19th, 2009
ZURICH (Reuters) - The Swiss foreign minister is due to meet U.S. Secretary of State Hillary Clinton on July 31, just days before a deadline to reach a settlement in a damaging U.S. tax case against UBS.
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July 17th, 2009
Two more Swiss banks have decided to scale down their services to United States-based clients in light of an ongoing tax evasion case that threatens banking secrecy.
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