US deals blow to Swiss bank secrecy
A landmark settlement between US tax authorities and UBS on Wednesday (18 February) is seen as a possible final nail in the coffin for Switzerland's prized bank secrecy. Far-reaching consequences for the whole offshore financial industry are also anticipated.
A landmark settlement between US tax authorities and UBS on Wednesday (18 February) is seen as a possible final nail in the coffin for Switzerland’s prized bank secrecy. Far-reaching consequences for the whole offshore financial industry are also anticipated.
