newmogul

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If the client, who has not been identified, is successful in his appeal,
lawyers expect a barrage of similar lawsuits from American clients who face
criminal prosecution if the US finds information showing that they have
evaded taxes. The appeal will be watched in Swiss banking circles because a
win for the American customer may restore some confidence to a nervous
industry. If the appeal is dismissed and the court approves the data
transfer, lawyers said that there would be legal precedent for further moves
by the US Government.
” source...