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(单词翻译:双击或拖选)
A major Swiss bank has agreed to turn over information on thousands of accounts targeted by the United States for possible tax evasion1.
US government official says Swiss banking2 giant UBS will give the IRS the details of more than 4,000 client accounts
From Nazis3 to modern-day criminals, Switzerland's legendary4 bank secrecy5 has long been exploited by those with assets to hide. For decades, Swiss banks have had a no-questions-asked policy when it comes to deposits, and a no-questions-answered policy when it comes to investigations6 of their customers.
Those policies are changing. The latest evidence: Swiss banking giant UBS has agreed to hand over details on more than 4,000 accounts to the U.S. government.
America's top tax official, Internal Revenue Service Commissioner7 Doug Shulman hailed the accord on Bloomberg television.
"It is a huge victory for the U.S. government. This is an unprecedented8 agreement," he said.
The accounts are believed to hold as much as $18 billion in undeclared assets that until now were hidden from U.S. taxes.
Shulman praised reforms in Swiss banking.
"Until this year, we [U.S. authorities] had no access into any country that had banking secrecy laws," he added. "We are very pleased, and it is part of our ongoing9 effort to crack down on off-shore tax evasion. You can expect to see a lot more from us in terms of investigations of individuals and institutions over the next several years."
Switzerland's bankers association issued a statement in support of UBS' agreement with the United States. The accord effectively suspends a federal court case against UBS that could have dealt a severe blow to the bank's international operations and the Swiss economy, which relies heavily on the country's robust10 banking sector11.
Under the agreement, targeted UBS bank customers will be notified before information on their accounts is released.
1 evasion | |
n.逃避,偷漏(税) | |
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2 banking | |
n.银行业,银行学,金融业 | |
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3 Nazis | |
n.(德国的)纳粹党员( Nazi的名词复数 );纳粹主义 | |
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4 legendary | |
adj.传奇(中)的,闻名遐迩的;n.传奇(文学) | |
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5 secrecy | |
n.秘密,保密,隐蔽 | |
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6 investigations | |
(正式的)调查( investigation的名词复数 ); 侦查; 科学研究; 学术研究 | |
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7 commissioner | |
n.(政府厅、局、处等部门)专员,长官,委员 | |
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8 unprecedented | |
adj.无前例的,新奇的 | |
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9 ongoing | |
adj.进行中的,前进的 | |
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10 robust | |
adj.强壮的,强健的,粗野的,需要体力的,浓的 | |
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11 sector | |
n.部门,部分;防御地段,防区;扇形 | |
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