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Swiss urge US tax deal to shield other banks

Last Updated: Sunday, January 29, 2012, 14:01

The break-up of Switzerland's oldest bank Wegelin on Friday shows the need to settle a dispute with US authorities over tax cheats hiding cash in secret Swiss accounts, the Finance Minister said on Saturday.

Swiss, US close to tax deal: reports

Last Updated: Saturday, September 17, 2011, 18:40

Switzerland and the United States were Saturday close to a deal to end a tax evasion dispute over undeclared assets held by US taxpayers in Swiss banks, local media reported.