Bank data sharing lands on cabinet agenda

The Swiss cabinet has discussed a tax dispute with the United States and the handing over of bank data to US justice authorities at its latest meeting.

This content was published on February 1, 2012 - 17:30 and agencies

Referring to recent media reports that millions of bank client emails had been handed over, cabinet spokesman André Simonazzi said the figure was exaggerated.

As the finance ministry said previously on Tuesday, 20,000 pages of encrypted data were involved, he said. He would not comment on whether the data had already been sent.

Cabinet members were also informed of the details of a Monday meeting between the finance and justice ministers along with the parliamentary economic commission on the issue.

The spokesman for the cabinet said more information would not be given while discussions were underway, but he added that the government’s goal was to find a conclusive solution to the tax dispute.

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