Deal to End U.S. Tax Spat Rejected by Swiss Lawmakers

The article is about Swiss lawmakers rejecting a deal that would end a long term quarrel between them and U.S. authorities. The U.S. authorities have suspected the American tax cheats for hiding their money in the country’s bank. It is also expected that more number of U.S. criminal charges would be brought against the Swiss banks. Opponents of the lower house have concerns of Swiss banks loosing its sovereignty.

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