This post appeared on the RenounceUScitizenship blog.
DOJ announces new #OVDP program for Swiss banks that allowed US clients http://t.co/JM99xytMt7 – Banks pay fine based on % of deposits
— U.S. Citizen Abroad (@USCitizenAbroad) August 30, 2013
The title of article by Lynnley Browning is:
“Swiss on agree on penalties for banks that aided tax cheats”
A review of the article suggests that the U.S. government is attempting to impose on Swiss Banks a program that is like the “OVDI-OVDP” program.
The federal public minister of Switzerland (similar to an attorney general or solicitor general) denies that banks did anything illegal by transmitting the names of 10,000 Swiss bank employees to USA authorities. The lawyer of the plaintiff, a former bank employee, said that the decision signifies that, “No one committed a single illegal act” («aucun acte illicite n’a été commis par personne»). The plaintif will challenge this decision within ten days before the Swiss federal penal Tribunal.
It seems like the Swiss authorities are circling the wagons around the Swiss banks against the rights of individual Swiss citizens.
Plainte d’un ancien de la banque HSBC classée
Hat tip: Jefferson D. Tomas
