The U.S. Tax Program for Swiss banks: what determined the penalties?

Abstract The U.S. Tax Program for Swiss banks is a very significant part of the recent history of the Swiss financial industry. It has accelerated the transformation of the Swiss banking industry from a system that relied on bank secrecy to a much more compliant one. It was also rather costly for th...

Full description

Bibliographic Details
Main Authors: Yvan Lengwiler, Albana Saljihaj
Format: Article
Language:English
Published: SpringerOpen 2018-12-01
Series:Swiss Journal of Economics and Statistics
Subjects:
Online Access:http://link.springer.com/article/10.1186/s41937-018-0024-0