The Tages Anzeiger reports that following an amnesty, analyses have been conducted by the US government and it shows that 5,427 of the 12,900 reported accounts were in Switzerland, a further 8% in British banks, and 4% in Canada, France, Israel, and Germany.

The article further explores the tax environment in the US and ascertains that around 10% of US citizens living abroad probably submitted the compulsory forms to the IRS last year. This percentage could be increase if the approach is simplified and better implemented.