Banking giant has ‘no US tax cheats’ – ValueWalk Premium

Banking giant has ‘no US tax cheats’

Surprise decision Banking giant has ‘no US tax cheats’

by Matt Allen, swisinfo.ch and agencies

December 13, 2013 - 17:39

Switzerland’s third largest banking group, Raiffeisen, has surprisingly announced it will declare all of its clients as tax compliant in the United States under the terms of a Swiss-US deal.
Other smaller banks have opted to declare presumed guilt despite some not knowing if they count tax cheats among their clients or not. The treaty signed by the two countries in August allows Swiss banks to avoid criminal prosecution by coming clean about their US involvement by . . .

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