Swiss Banks Face Expensive US Tax 'Holding Pattern' – ValueWalk Premium
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Swiss Banks Face Expensive US Tax 'Holding Pattern'

Swiss Banks Face Expensive US Tax 'Holding Pattern' by Matthew Allen, swissinfo.ch
Around 100 Swiss banks are bleeding money as they wait for a legal process, aimed at resolving United States tax evasion issues, to regain momentum. The programme ground to a halt last autumn after a row over small print with the Department of Justice (DoJ).
Banks had hoped that a deal negotiated by the Swiss government and the DoJ in August 2013 (see . . .

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