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    Swiss banks' US tax-evasion deal on hold

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    euronews (in English)

    by euronews (in English)

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    Switzerland's lower house of parliament has stalled progress on a tax-evasion deal with the US government.

    Washington is chasing wealthy Americans with cash in secret accounts in banks there.

    The Swiss government wants to pass a law allowing banks to sidestep the country's strict secrecy rules and disclose some account holders' details to US prosecutors.

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    http://www.euronews.net/