Switzerland yesterday denied offering $10 billion to settle a tax evasion dispute with the United States, saying that the sum cited by local press was “rather impossible”. An economy ministry spokesman said that “we did not make a proposal with a figure”.
He said: “A sum of $10 billion is rather impossible.”
Swiss newspaper SonntagsZeitung reported on Sunday that Switzerland had offered to pay the amount to US tax authorities to regularise assets hidden by Americans in Swiss banks.
It quoted a lawyer close to the US Justice Department confirming the information.