Arab Today, arab today swiss parliament holds up us bank deal
Last Updated : GMT 02:17:55
Arab Today, arab today
Arab Today, arab today

Swiss parliament holds up US bank deal

Arab Today, arab today

Arab Today, arab today Swiss parliament holds up US bank deal

Geneva - AFP

The lower house of the Swiss parliament refused Wednesday to debate a government deal settling a dispute with Washington over the alleged complicity by Swiss banks in tax evasion by Americans. With 100 votes opposed and 90 votes in favour, the National Council decided to freeze its urgent handling of the settlement agreed upon last week until it has more information about the conditions demanded by Washington, the ATS news agency reported. The deal, dismissed as an \"American dictate\" by the Swiss press, has sparked outcry in the wealthy Alpine nation. Washington has repeatedly accused Swiss banks of complicity in tax evasion, since they hold billions of dollars belonging to American citizens that are not declared to US tax authorities. The United States has agreed to halt any prosecutions of the Swiss banks in question, but the conditions have yet to be divulged due to a confidentiality clause. The deal would enable Swiss banks to circumvent some elements of the country\'s cherished bank secrecy laws and turn over key information to US authorities It also requires parliamentary approval, but members of parliament cannot amend the content. Swiss Finance Minister Eveline Widmer-Schlumpf acknowledged last week that US authorities had proposed a \"unilateral offer, one that we couldn\'t negotiate.\" Washington has said the conditions will only be disclosed once the deal has received a green light from parliament. How much the banks will have to pay to win legal closure is not yet known, but Swiss media have reported that the overall figure could hit 10 billion Swiss francs ($10.5 billion, 8.0 billion euros). \"This is a surrender,\" the populist Swiss People\'s Party thundered while the Socialist Party was behind the initiative calling for parliament to refuse urgent debate on the deal. Widmer-Schlumpf has said it is imperative that parliament give its stamp of approval to the deal during its June session to ensure that it can go into effect on July 1.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today swiss parliament holds up us bank deal Arab Today, arab today swiss parliament holds up us bank deal

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today 17.4 million tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Reasons for the delay 'On the Stairs of Servants'

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 01:04 2017 Tuesday ,28 February

Nokia 3310 is back — and so is 'Snake'

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday