Switzerland deal to help Italy combat tax evasion

Italy and Switzerland have signed a deal to share information in a bid to tackle tax evasion. The deal offers a partial tax amnesty to Italians that have hidden cash in Switzerland.

G8 countries agree to tackle tax evasion

The west's leading industrial countries have agreed a set of core principles designed to combat tax evasion and reveal the true owners of shadowy companies.

Swiss banks facing huge fine over US assets: report

GENEVA: Swiss banks holding US citizens' funds that are not declared to American tax authorities are set to have to pay a massive fine, under a deal between Switzerland and Washington, a newspaper reported Wednesday.