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Reports of Swiss Bank Secrecy’s Demise May Be Premature, Says Author
printDespite ongoing U.S. negotiations with at least a dozen Swiss banks believed to hold accounts for American tax dodgers and the rollout of a bilateral agreement prompted by the Foreign Account Tax Compliance Act, American officials may soon find that much of the money they've been seeking in Switzerland is already gone, according to Jeffrey Robinson, author of The Laundrymen. Swiss financial institutions will likely turn over some of information as a consequence of the investigations and the law, known as FATCA, but they will also be sure to exploit gaps that will allow them to move much of the...
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