Swiss upper house approves five bank data deals

The Swiss parliament’s upper house on Wednesday approved deals with the United States and four other countries to share data on potential tax dodgers, bringing the Alpine state closer in line with international standards.

Under the deals Switzerland will have banking data sharing arrangements with France, Britain, the United States, Denmark and Mexico in cases of tax fraud and tax evasion, in accordance with OECD standards, except when those requests are based on stolen data.

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