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Swiss Bank Valiant First to Agree to US Tax Deal

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Valiant has become the first Swiss firm to agree to crack down on wealthy Americans evading taxes and as many as a third of the country's banks are expected to follow in the latest step in a long-running dispute with the United States.   The deal between the United States and Switzerland, agreed in August, is part of a U.S. drive to lift the veil of Swiss bank secrecy. In 2009, this led to UBS paying $780 million in a settlement where the bank agreed to hand over U.S. client names...

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