Keith Nuthall
SWITZERLAND has failed to come up with an adequate proposal for

supplying information about savings accounts held by EU residents and may

face financial sanctions unless it complies, the EU Commissioner for the

internal market Frits Bolkestein has told EU finance ministers.

Switzerland said it would only release information where criminal activity

was suspected. The Commission is seeking to end tax evasion through secret

accounts both within the EU and in countries like Switzerland and the ...

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