"Switzerland’s cooperation comes after the Justice Department prosecuted 11 Swiss banks on suspicion of aiding Americans in evading taxes, creating deep uncertainty for the country’s financial sector."
How many US banks has the Justice Department prosecuted yet?
> "Switzerland’s cooperation comes after the Justice Department prosecuted 11 Swiss banks on suspicion of aiding Americans in evading taxes, creating deep uncertainty for the country’s financial sector."
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Those poor souls must not have heard of this news:
"U.S. and Switzerland Reach Deal on Sharing of Financial Account Data"
http://www.nytimes.com/2012/06/22/business/global/22iht-tax2...
This is also interesting:
How many US banks has the Justice Department prosecuted yet?
details in case somebody missed that:
http://www.bbc.co.uk/news/business-20907359
http://articles.economictimes.indiatimes.com/2013-01-20/news...
http://www.guardian.co.uk/world/2013/jan/04/swiss-bank-wegel...