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U.S. tax authorities Chases Swiss Bank Secrets to Israel and Singapore

SWITZERLAND-US-BANKING-BUSINESS-CREDITSUISSE

 

41 Swiss banks signed amnesty agreements this year with the U.S. Justice Department that required disclosing the tricks they used to help customers hide assets, naming bankers and middlemen who enabled them and detailing the flow of untaxed money. They’ve also prodded thousands of reluctant Americans to disclose accounts hidden from the Internal Revenue Service.

Read the full story at Bloomberg, by David Voreacos and Giles Broom

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