The Traderszone Network

Published in TZ Latest News 23 October, 2014 by The TZ Newswire Staff

73 Swiss banks ask U.S. to revise proposed tax amnesty deals

Department of Justice raising questions over a dozen demands, including the banks’ cooperation with other nations. In the letter dated Oct. 21, the lawyers questioned the terms of a proposed non-prosecution agreement over how banks can achieve amnesty through the disclosure program announced last year. The disclosure program that allows some Swiss banks to pay fines to avoid or defer prosecution over tax evasion by their U.S.