Swiss To Help IRS Nab Tax Dodgers

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After a much-publicized initial rejection by the Swiss lower house of parliament of an IRS-UBS deal in which the Swiss bank agreed to forward details of 4,450 of its American depositors suspected of tax evasion, the lawmakers have now made an about turn and voted in favor of the deal. By doing so, the parliament has also agreed not to seek a national referendum on the issue, something that was a distinct possibility during the initial rejection.

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