US Ambassador in Switzerland Suzanne LeVine talks to KPMG about the values shared by Switzerland and the USA.
During the interview S. LeVine takes up the subject of the tax dispute between the Swiss banks and the USA. She believes that ‘the world banking secrecy is no longer a value proposition’. The US Program aims at sorting the tax dispute and focuses on US citizen evading tax. The US Program should help the banks move towards a new model.
When asked about the timeline for a resolution of the issue S. LeVine says ‘I know that both the Department of Justice (DoJ) and the banks are trying to get things done as quickly as they can’.