The trial in the U.S. government's landmark challenge to Swiss bank secrecy was postponed Friday for a third time as the United States and Switzerland continue to pursue a negotiated settlement.
Global Financial Integrity has come out with recommendations today for the US government on how to proceed as the UBS case begins to come to a close. From GFI:
U.S.-Swiss Tax Treaty: In June an amendment to the U.S.-Swiss tax treaty was agreed to but not yet ratified. Statements from U.S. and Swiss parties to the negotiations indicate that information exchange would still rely on exchange upon request and would require the U.S. to provide names of suspected tax evaders to obtain information on their undisclosed accounts. The U.S should push for...
Video clips are now available on GFI's YouTube channel for every speaker at the July 24 Capitol Hill briefing on tax evasion and incorporation transparency that was organized by Task Force members Global Financial Integrity and Tax Justice Network along with Task Force friend, Citizens for Tax Justice. Check them out below:
Congressman Lloyd Doggett (D-TX) made a surprise appearance at the briefing and spoke for a few minutes:
Switzerland and the United States were engaged on Friday in the final stages of efforts to reach an agreement to settle a legal case that sought to force the Swiss banking giant UBS to disclose the names of wealthy American clients suspected of tax evasion.
