US, Switzerland to begin tax treaty negotiations

AP — The Treasury Department this month will begin revising a tax treaty with Switzerland, which has pledged to increase transparency and help crack down on tax evaders with money in Swiss banks. The Swiss government opened the door for the talks last month after agreeing to cooperate with international tax investigations of wealthy foreigners accused of hiding billions of dollars in banks there. The move broke with a long-standing tradition of strict Swiss protections for individuals who use its banking system. Read Article

The Historian – Trying to clamp down on tax evasion, something very close to home for Team Obama, or bringing in the few remaining straggling countries into the New World Order?