Tentative Settlement Reached in Swiss Bank Tax Evasion Case

July 31st, 2009

Washington Post

The U.S. and Swiss governments have tentatively settled a dispute in which the U.S. government was seeking information about thousands of American depositors suspected of using accounts at Switzerland’s largest bank to hide money from the Internal Revenue Service.

The two sides have “reached an agreement in principle on the major issues,” Justice Department lawyer Stuart D. Gibson told a federal judge in Miami Friday morning. Other issues remain, Gibson said. Details of the settlement were not disclosed.

Continue reading at

Written by admin

Follow @FinTrCo