“The federal government revealed plans in Bern on Wednesday to settle a bitter dispute with Washington after lawmakers rejected a deal that would have halted US legal action against Swiss banks suspected of stashing cash for American tax dodgers. Rather than a blanket accord, Swiss banks will now have to apply on a case-by-case basis for government permission to cooperate with US investigators, Finance Minister Eveline Widmer-Schlumpf said. The moves comes two weeks after the Alpine country’s parliament shot down the controversial ‘Lex USA’ accord, which would have temporarily lifted Switzerland’s long-sacrosanct banking secrecy.”
http://www.thelocal.ch/20130703/bern-reveals-solution-for-us-tax-evasion-dispute
