Report: Swiss Banks Eye Tax Pledge for Foreigners

Report: Swiss Banks Eye Tax Pledge for Foreigners

ZURICH – (AP) Swiss banks are considering asking some foreign clients to sign a pledge declaring they aren't breaking tax laws at home, a Swiss newspaper reported Sunday.
 
The chairman of the Swiss Bankers Association, Patrick Odier, told weekly NZZ am Sonntag that the industry group is examining various ways of forestalling demands for an automatic exchange of client information with other countries. … Full version of this Associated Press story is available to LEXIS.com subscribers.