Published January 13, 2015
Swiss lawmakers have rejected a government-backed banking bill meant to end a high-profile legal standoff with the United States over suspected American tax cheats.
Switzerland's lower house on Tuesday voted down the measure that Finance Minister Eveline Widmer-Schlumpf had presented as a way for Swiss banks to disclose client information to U.S. authorities without breaking Switzerland's strict client secrecy laws.
The bill, which was rejected in a vote of 126-67 with two abstentions, had passed Switzerland's upper house in the capital Bern last week.
https://www.foxnews.com/world/swiss-lawmakers-reject-proposed-bank-deal-to-end-tax-dispute-with-us