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Aftenposten reports Wikileaks cable: Swiss U.S. deal to prevent UBS lawsuit..

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drm604 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-30-11 11:40 AM
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Aftenposten reports Wikileaks cable: Swiss U.S. deal to prevent UBS lawsuit..
This is a Google translation so the English is a little strange in spots.
http://tinyurl.com/5svvc8t
The United States had taken up the fight with the giant Swiss bank and gone to court to get access to bank accounts of 52,000 wealthy Americans suspected to hide away 15 billion dollars from the IRS.

The day before the trial entered the United States and Switzerland, a surprising compromise - which was interpreted as a victory for the Swiss banks. A peace treaty between the U.S. and Switzerland."

...

Aftenposten can reveal that behind the agreement between Switzerland and the United States there was a secret, large-scale diplomatic horse-trading, which meant that the Swiss bank avoided a calamitous public trial, one billion claims and exclusion from the United States:
  • Switzerland promised to close the controversial Swedish nuclear project in Iran that Aftenposten spoke Monday.
  • In addition, Switzerland undertake to accept prisoners from Guantanamo.
  • In return the U.S. would contribute to a "political settlement" of the Swiss bank.
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xchrom Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-30-11 12:21 PM
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