The Wall Street Journal Quotes Scott Michel: Swiss Parliament Pushes Back on U.S. Banks Deal
Scott D. Michel spoke with The Wall Street Journal concerning Swiss lawmakers and a plan that could enable the country's banks to avoid the threat of prosecution in the U.S. by disclosing dealings with suspected American tax evaders. Please visit The Wall Street Journal's website for the full story.
Excerpt taken from the article.
Even if Swiss lawmakers ultimately reject the plan, the issue won't go away, said Scott Michel, a tax attorney at Capelin & Drysdale in Washington.
"Ultimately the U.S. will get the information it wants, although it will come more slowly unless the Swiss parliament reconsiders," he said.