James Henry Swiss lower house ratifies weak, loophole ridden - TopicsExpress

James Henry Swiss lower house ratifies weak, loophole ridden "model 2" FATCA w US. Swiss banks will have to report accounts belonging to US taxpayers > $50,000, but only if US auth have requested administrative assistance. The entire insur industry, omnibus accts, gold vaults, etc are left out. Most Eu countries have accepted a "model 1" deal, in which information is exchanged more automatically. lematin.ch/suisse/fin-secret-bancaire-americains/story/19834802

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