Open

Coming up

Don't miss

Replay


LATEST SHOWS

IN THE PAPERS

French MPs face quandary in Pro-Palestinian rallies

Read more

THE INTERVIEW

Yezid Sayigh, Senior Associate at the Carnegie Middle East Center in Beirut

Read more

#TECH 24

Mind the Gender Gap : getting more women into the tech sector

Read more

INSIDE THE AMERICAS

Bolivian children: heading to work aged 10

Read more

WEB NEWS

Israel and Hamas battle online over public opinion

Read more

FOCUS

Can Chancellor Merkel's winning streak last?

Read more

FOCUS

Hunger in a fertile land...

Read more

DEBATE

Nigeria: One Hundred Days and Counting (part 2)

Read more

DEBATE

Nigeria: One Hundred Days and Counting

Read more

  • Air Algerie ‘lost contact’ with flight leaving Burkina Faso

    Read more

  • Two foreign women shot dead in western Afghanistan

    Read more

  • At least 60 killed in attack on prison convoy near Baghdad

    Read more

  • Sudanese Christian woman sentenced to death arrives in Italy

    Read more

  • Cycling is ‘winning the war on doping,’ says expert

    Read more

  • Ceasefire agreed for Central African Republic

    Read more

  • In pictures: Thousands march for Gaza peace in Paris

    Read more

  • Can Jew-kissing-Arab selfie give peace a viral chance?

    Read more

  • France charges Swiss bank UBS with tax fraud

    Read more

  • Israel faces heightened diplomatic pressure as Gaza violence rages

    Read more

  • Botched Arizona execution takes nearly two hours

    Read more

  • Bomb attacks leave scores dead in north Nigeria

    Read more

  • Netherlands holds day of mourning for victims of flight MH17

    Read more

  • Two Ukrainian fighter jets shot down over rebel-held territory

    Read more

  • Ryanair ordered to pay back €9.6m in illegal state aid to France

    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)