The U.S. Tax Program for Swiss Banks: What Determined the Penalties?

Yvan Lengwiler and Albana Saljihaj ()
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Albana Saljihaj: University of Basel

Working papers from Faculty of Business and Economics - University of Basel

Abstract: The U.S. Tax Program for Swiss Banks is a very significant part of the recent history of the Swiss financial industry. It has accelerated the transformation of the Swiss banking industry from a system that relied on bank secrecy to a much more compliant one. It was also rather costly for the banks involved. This short paper tries to identify the determinants of the individual penalties that were levied by the DoJ.

Keywords: tax evasion; bank secrecy (search for similar items in EconPapers)
JEL-codes: G21 H26 (search for similar items in EconPapers)
Date: 2018-06-26
New Economics Papers: this item is included in nep-iue and nep-pub
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Journal Article: The U.S. Tax Program for Swiss banks: what determined the penalties? (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:bsl:wpaper:2018/20

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