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Swiss parliament rejects deal to expose US tax-dodgers
June 19, 2013
Swiss lawmakers rejected today a deal proposed by Washington to expose American tax dodgers and halt a raft a US lawsuits provided that Swiss banks that helped stash the cash pay massive fines.
The Alpine country's lower house, or National Council, shot down the controversial "Lex USA" accord, which would have temporarily lifted Switzerland's long-sacrosanct banking secrecy and allow banks to draw a line under past wrongdoing.