• Swiss Bank indicted on U.S. Tax Charges
  Wegelin & CO., a Swiss private bank, was indicted today for conspiring with U.S. taxpayers and others to hide more than $1.2 billion in secret accounts and the income these accounts generated from the Internal Revenue Service (IRS), the Justice Department announced today. This is the first time an overseas bank has been charged by the United States for facilitating tax fraud by U.S. taxpayers.
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• Switzerland Proposes to Restructure Corporate Tax System to Strengthen Tax Competitiveness and Attract International Businesses
  The Swiss Federal Government has published an interim steering committee report, in May 2013, outlining plans to restructure its corporate tax system with the intent of strengthening the country’s international competitiveness and making Switzerland more attractive to companies in search of international locations.
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