US GIVES SWISS BANKS MORE TIME TO COMPLY WITH TAX EVASION CRACKDOWN
June 8th, 2014
THE US government has extended by a month to July 31 the deadlines for some programmes under which Swiss banks could signal their intent to strike agreements with the US Department of Justice (DoJ) to avoid prosecution over concealment of the taxable assets of US citizens. A June 5 statement from the DoJ's tax division said the deadline extension followed the submission late last year of 106 letters of intent from the banks requesting consideration for non-prosecution agreements. This follows the August 2013 release by the DoJ of its Program for Non-Prosecution ...
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