Every American With Money Abroad--Anywhere Abroad--Is Impacted By Massive Bank Deal

Some said it would never happen. They were wrong. The U.S. and Swiss reached a deal that punishes Swiss banks and paves the way for even more transparency. See DOJ: United States and Switzerland Issue Joint Statement Regarding Tax Evasion Investigations. And it takes little imagination to know this will impact even obscure and far-flung countries too. After all, just remember the past and Switzerland's long tradition of bank confidentiality. Tax evasion is not even considered a crime.