U.S. and Swiss Issue Joint Statement on Cooperation on Tax Investigations

On August 29, 2013, the U.S. Department of Justice (DOJ) announced a program that will encourage Swiss banks to cooperate in DOJ’s continuing investigations of the use of foreign bank accounts to commit tax evasion.[1]  The DOJ and the Swiss Federal Department of Finance also released a joint statement, stating that Switzerland will encourage its banks to participate in the program.[2]