Director / Editor: Victor Teboul, Ph.D.

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Swiss Bankers Urge EU Deals to Root Out Tax Cheats

The head of Switzerland's banking association urged the government on Tuesday to strike deals with European neighbors to root out untaxed money in the country and make it easier for Swiss banks to do business abroad. Switzerland has all but abandoned banking secrecy by joining the ranks of countries committed to sharing tax information between governments. But it is mired in negotiations with several European countries about how to deal with undeclared client assets that are still...

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