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2013 Swiss Bank Settlement News

August 3, 2012 - Swiss Seek U.S. Tax Deal by Year-End, but Not at Any Price
"Our absolute priority is the best possible solution for Switzerland. We want a U.S. settlement by year-end, but not at any price," Michael Ambuehl, the Swiss government's chief negotiator,

July 6, 2012 -Swiss president expects U.S. tax deal by November
Banks including HSBC, Credit Suisse and Julius Baer have given about 10,000 employee names to U.S. authorities in an effort to avoid the fate of Wegelin, which broke up under threat of indictment, bank employees and lawyers said in June.

June 12, 2012 - Swiss Minister Hints at Tax Deal With US
Both sides are endeavoring to find a solution in the foreseeable future," Ms. Widmer-Schlumpf said.

June 11, 2012 - Swiss minister sees U.S. tax deal by Nov: paper
U.S. officials seem to want an end to a dispute over wealthy Americans with hidden Swiss offshore bank accounts before the U.S. presidential election in November

June 11, 2012 - Swiss finance minister hints at agreement with US over bank
"My impression at the moment is that the US wants a solution by the elections. Both sides endeavour to find a solution in the foreseeable future," Widmer-Schlumpf said.

June 7, 2012 - U.S. hopes Swiss tax talks over by election -envoy
The United States hopes to settle its dispute with Switzerland over unpaid taxes on money held in Swiss bank accounts by the U.S. presidential election in November, U.S. Ambassador to Switzerland Donald S. Beyer said on Wednesday.

April 30, 2012 - Rand Paul Seeks to Block Tax Treaty Change on Swiss Accoun
“There needs to be some constitutional protections to your banking records.”

April 30, 2012 - Swiss FinMin says withholding tax deals will prove efficie
Widmer-Schlumpf did not elaborate on ongoing talks with U.S. justice and tax officials over a dispute on unpaid taxes in hidden Swiss offshore accounts, following a meeting last weekend in Washington with U.S. Treasury Secretary Timothy Geithner and Attorney General Eric Holder.

April 23, 2012 - Swiss President: Discussed US-Swiss Tax Transparency With
"We will look into all options available to us," she told reporters. "U.S. taxpayer money in our banks should be identifiable ... we cannot give details until the package is finalized."

April 14, 2012 - Swiss president says no more concessions to US, Germany on
Widmer-Schlumpf also clarified that Switzerland is seeking two agreements with the US, one that would provide a framework in which the 11 Swiss banks under investigation by the US would negotiate fines with the US Justice Department, and another that would cover 300 other Swiss banks’ past activities to end the US starting new legal proceedings every year.

April 14, 2012 - US senator digs in heels over Swiss tax deal
The double-taxation agreement between the United States and Switzerland is being held up by one American senator – Rand Paul, son of presidential candidate Ron Paul.

April 14, 2012 - Swiss banks to hand over staff names in U.S. tax row: repo
Switzerland is trying to get the investigations dropped, in return for the payment of a hefty fine and the transfer of names of thousands of U.S. bank clients. It is also seeking a deal to shield the remainder of its 300 or so banks from U.S. prosecution.

April 12, 2012 - Swiss court delivers blow to US tax deal
"The mere failure to declare a bank account may be qualified -- at the utmost -- as a tax evasion, which is not subject to administrative assistance," it added.

March 9, 2012 -Swiss President Wants Tax Accord From U.S.
“We are ready,” President Eveline Widmer-Schlumpf, who is also finance minister, said here on Wednesday. “We’ve made a lot of constructive proposals. We could sign it tomorrow if the United States wants to do it.”

March 9, 2012 -Swiss President Wants Tax Accord From U.S.
“We are ready,” President Eveline Widmer-Schlumpf, who is also finance minister, said here on Wednesday. “We’ve made a lot of constructive proposals. We could sign it tomorrow if the United States wants to do it.”

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