The USA and Switzerland issue a Joint Statement aiming at resolving their tax dispute and setting the framework.

This agreement between the two countries applies only to banks not yet under investigation in the U.S.

The idea is that Banks pay a penalty, disclose information and in return avoid or defer prosecution.

 

This announcement was commented on by a number of media, below are a few:

Press release from the DoJ

 Tages Anzeiger

 Inside Paradeplatz

NY Times

Reuters

Neue Zuercher Zeitung

Tribune de Geneve

 Bloomberg

SwissInfo