Swiss Banks Prepare To Reveal Tax Evading US Clients

United Sates and Swiss officials are close to reaching a settlement after a recent probe into offshore tax evasion. As part of the deal the Swiss are expected to have to pay billions of dollars. As well as hand over all the names of American tax evaders with secret foreign accounts in their country. Swiss banks have long been suspected of helping wealthy American hide their cash from Uncle Sam. Recently the Swiss settled similar cases with the UK and Germany. [Bloomberg]

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