Swiss lawmakers yesterday took upon themselves to safeguard the citadel of the country’s secretive banking system as they rejected a deal in parliament to hand over 4,450 names of wealthy Americans who held secret offshore accounts with Swiss bank UBS.
Switzerland’s lower house rejected a bill to approve the settlement arrived at between the governments of Switzerland, the US and UBS in August 2009, where the bank had agreed to reveal the names of 4,450 American clients suspected of tax evasion.
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