Biz Brief: Swiss Parliament Approves Tax-Cheaters Treaty
The treaty is not a totally done deal. The Swiss Parliament's Lower House voted to give its citizens the chance to vote on the measure in a popular referendum before the treaty becomes law. Switzerland's Upper House of Parliament is expected to vote on the referendum proposal on Friday. But if the treaty is ultimately put to a referendum, it would force the country to miss the U.S.-imposed August deadline to resolve the issue, since a vote by Swiss residents couldn't be held until the fall, according to the AP report.