Reuters reported today that:
Switzerland must tackle the problem of untaxed money in secret accounts and also must ensure the central bank does not become a political pawn, the country's economy minister was quoted as saying on Saturday.
"The problem of untaxed wealth in Switzerland is a serious problem that we need to resolve. Not only with the USA but also with the Europeans," Economy Minister Johann Schneider-Amman, of the pro-business Free Democrats (FDP) party, told the German-language Tages-Anzeiger in an interview.
"Banking secrecy wasn't invented to create an opportunity for doing business with untaxed money," he also said. "We must find a way of dealing with legacy wealth."