Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

25 years of independence in Eritrea : Thousands continue to flee the repressive regime

Read more

MEDIAWATCH

Petrol shortages in France and free hugs in Britain

Read more

MEDIAWATCH

Petrol shortages in France and #HugABrit

Read more

THE DEBATE

Obama in Vietnam: Just how close can Washington and Hanoi become? (part 1)

Read more

THE DEBATE

Fuel on the fire: French unions block refineries to protest labour reform (part 2)

Read more

ENCORE!

Music show: Judith Owen, Eric Clapton and Ariana Grande

Read more

FOCUS

Video: Christian NGO brings Syrian refugees to Italy

Read more

IN THE PAPERS

'Near miss' for Austria and the EU

Read more

IN THE PAPERS

#hugabrit

Read more

Business

Deal with US on tax evasion gets overall parliamentary support

Text by News Wires

Latest update : 2010-06-15

Switzerland's lower chamber approved Tuesday by 81 votes to 61 a deal with the United States settling US litigation against Swiss banking giant UBS over tax evasion, securing overall parliamentary endorsement for the agreement.

AFP - Switzerland's lower house of parliament on Tuesday passed a deal with the United States settling US tax evasion litigation against Swiss banking giant UBS, sealing overall parliamentary endorsement.

The motion in the National Council was approved by 81 votes to 61. Fifty- three Swiss lawmakers abstained.

Switzerland, the United States and UBS agreed in August 2009 that the bank would identify 4,450 US clients suspected of tax evasion, in an attempt to settle lawsuits by US authorities to force the bank to hand over information.

The deal needed parliamentary approval after the Swiss supreme court in January called its legal basis into question.

The Swiss senate had already endorsed the agreement.
 

Date created : 2010-06-15

  • SWITZERLAND

    Parliament rejects UBS account list deal with US

    Read more

COMMENT(S)