The Swiss government has passed a tax law that would allow it to hand over data on suspected...

|By:, SA News Editor

The Swiss government has passed a tax law that would allow it to hand over data on suspected U.S. tax evaders, even if U.S. authorities can't identify perceived offenders by name or bank account. The law, which helps support an expected settlement between the U.S. and Swiss banks over tax evasion, is seen as a weakening of the privacy safeguards Switzerland's finance industry has long been known for. (also)