Log in
Please enter your login details

Skip to main content

Breaking News
  • Draw for the Champions League Group Stage: Group G Chelsea (England) Schalke 04 (Germany) Sporting Lisbon (Portugal) Maribor (Slovenia), Group H Porto (Portugal) Shakhtar Donetsk (Ukraine) Athletic Bilbao (Spain) BATE Borisov (Belarus)
  • Draw for the Champions League Group Stage: Group E Bayern Munich (Germany) Manchester City (England) CSKA Moscow (Russia) AS Roma (Italy) Group F Barcelona (Spain) Paris St Germain (France) Ajax Amsterdam (Netherlands) APOEL Nicosia (Cyprus)
  • Draw for the Champions League Group Stage: Group C Benfica (Portugal) Zenit St Petersburg (Russia) Bayer Leverkusen (Germany) Monaco (France), Group D Arsenal (England) Borussia Dortmund (Germany) Galatasaray (Turkey) Anderlecht (Belgium)
  • Draw for the Champions League Group Stage: Group A Atletico Madrid (Spain) Juventus (Italy) Olympiakos Piraeus (Greece) Malmo (Sweden), Group B Real Madrid (Spain) Basel (Switzerland) Liverpool (England) Ludogorets (Bulgaria)
  • The Kremlin announces Russian leader Putin and Italian Prime Minister Matteo Renzi have discussed the need to increase international efforts towards halting the bloodshed in eastern Ukraine – REUTERS
  • Eastern Ukraine: Donetsk city administration says 15 civilians have been killed in shelling in the city – REUTERS
  • Ambassadors from the 28 NATO countries and Ukraine will hold an emergency meeting on Friday to discuss the situation in Ukraine – NATO official
  • More than 100 Russian soldiers were killed in an August 13 battle in eastern Ukraine, two members of the Russian president’s human rights council cite witnesses and relatives of the dead as saying – REUTERS
  • Newly inaugurated Turkish President Recep Tayyip Erdogan says the path to European Union accession will continue more decisively, says Kurdish peace process and democratic reforms will be a priority – REUTERS
  • UK Prime Minister David Cameron has called for an immediate halt to Russian tanks crossing the Ukraine border and has warned of “further consequences” for Russian President Vladimir Putin – REUTERS
Swiss banks’ US tax-evasion deal on hold
close share panel

Share this article

Twitter Facebook
| Share this article

Switzerland’s lower house of parliament has stalled progress on a tax-evasion deal with the US government.

Washington is chasing wealthy Americans with cash in secret accounts in banks there.

The Swiss government wants to pass a law allowing banks to sidestep the country’s strict secrecy rules and disclose some account holders’ details to US prosecutors.

Banks will not be allowed to reveal client names, but the proposal would give them a one-year window to hand over information including names of third parties such as accountants and tax lawyers, which should be sufficient for US officials to identify tax dodgers.

The law was passed by the upper house of parliament, but the lower house is refusing to discuss it as a matter of principle.

The move gives the government less time to fast-track the draft law before the end of parliament’s current session on Friday.

The US is threatening to bring criminal charges against more than a dozen Swiss banks unless the legislation is passed by the end of this week.

If parliament does kill the bill by refusing to debate it again, the Swiss government does have the power to approve the data transfer with an executive order, as a last resort.

Copyright © 2014 euronews

More about:
| Share this article