New US tax law could have “disastrous effects” - swissinfo:
A United States law forcing foreign financial firms to reveal details of American clients could force banks to stop trading across the Atlantic, observers believe.
The law, passed by the US Senate this week, is unworkable in its present form and could have “disastrous effects”, according to the Swiss-American Chamber of Commerce. US citizens living in Switzerland also criticised the law."
Tuesday, April 20, 2010
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