Sunday, September 4, 2011

U.S. sets ultimatum in Swiss bank tax dispute: reports

By Emma Thomasson


ZURICH (Reuters) - The United States has written to Switzerland to set an ultimatum to hand over detailed information on its citizens using Swiss accounts to dodge tax or see Credit Suisse and nine other banks face charges, newspapers reported on Sunday.


The letter, quoted by two Swiss Sunday papers, was sent by U.S. Deputy Attorney General James Cole on August 31 and demands detailed figures on tax evasion at Credit Suisse by Tuesday and also seeks information from nine other smaller Swiss banks.



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