Swiss Banks Seek Tax Amnesty as Third Accept U.S. Offer
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About a third of Swiss banks have applied for amnesty from the U.S. for helping Americans cheat the Internal Revenue Service, the top U.S. federal tax prosecutor said.
The U.S. government gave more than 300 Swiss banks until Dec. 31 to seek non-prosecution agreements if they had “reason to believe” they helped Americans violate tax laws, and 106 submitted letters of intent, Assistant Attorney General Kathryn Keneally said today in a statement.