The Treasury and five European nations reached a broad agreement yesterday on a proposal to...

|By:, SA News Editor

The Treasury and five European nations reached a broad agreement yesterday on a proposal to prevent U.S. citizens from evading taxes through the use of foreign accounts. Officials also proposed regulations to implement a 2010 law requiring foreign financial firms to report detailed information about U.S. account holders or face penalties. Notably missing from the list of five nations: Switzerland.