Swiss lawmakers stall bill to resolve US tax spat
Source: Associated Press
Swiss lawmakers stall bill to resolve US tax spat
June 5, 2013 | Modified: June 5, 2013 at 4:31 pm
BERLIN (AP) — Lawmakers in Switzerland have stalled the passage of a government-backed bill aimed at ending a long-running dispute with the United States over tax evasion.
The Swiss parliament's lower house voted Wednesday to postpone further debate on the bill until it receives details of the deal the U.S. plans to offer Swiss banks alleged to have helped American tax cheats.
The decision is a setback for the Swiss government. Finance Minister Eveline Widmer-Schlumpf had last week presented the bill as an elegant way to allow Swiss banks to cooperate with U.S. authorities without breaking Switzerland's strict client secrecy laws.
Widmer-Schlumpf warned the bill needed to be passed quickly as U.S. patience with Swiss banks was running out.
More than a dozen Swiss banks have been caught up in the U.S. probe.
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He's been living there since 1979. He immigrated a few years after we graduated from college (mid-'70s).
He earned diplomas from the hochschule and teachers' college in Zurich, and has been teaching ESL and music.
Anyway, his SO and he decided to buy a house. Well, that's when the US IRS nabbed him! Apparently, the IRS was informed of my friend's economic activity of the past years and now insists he owes over $100,000 in back taxes!
He told me the US is the only country that taxes its citizens on income made living and working in a foreign country (?) 
He feverishly trying to gain Swiss citizenship.
