3/27/2009

Some Swiss banks are banning executives from leaving the country to preclude their detention in a global crackdown on tax evasion. Germany is trying to crack Switzerland's bank secrecy to pursue tax dodgers, and the U.S. held one private UBS banker last year as part of a tax investigation. "Today if you are a banker from Switzerland going to the U.S. you have to fear you will be taken in for questioning," said one bank chief.

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