The U.S. tax program for Swiss banks: What determined the penalties?

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.

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Year of publication:	2018
Authors:	Lengwiler, Yvan ; Saljihaj, Albana
Publisher:	Basel : University of Basel, Center of Business and Economics (WWZ)
Subject:	tax evasion \| bank secrecy

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Series:	WWZ Working Paper ; 2018/20
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	10.5451/unibas-ep64980 [DOI] 1029288240 [GVK] hdl:10419/185822 [Handle] RePEc:bsl:wpaper:2018/20 [RePEc]
Classification:	G21 - Banks; Other Depository Institutions; Mortgages ; H26 - Tax Evasion
Source:	EconStor

Persistent link: https://www.econbiz.de/10011933035