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Originally published June 18, 2013 at 3:03 AM | Page modified June 18, 2013 at 3:04 AM

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Swiss lawmakers reject deal to end US tax spat

Swiss lawmakers have rejected a government-backed banking bill meant to end a high-profile legal standoff with the United States over suspected American tax cheats.

The Associated Press

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GENEVA —

Swiss lawmakers have rejected a government-backed banking bill meant to end a high-profile legal standoff with the United States over suspected American tax cheats.

Switzerland's lower house on Tuesday voted down the measure that Finance Minister Eveline Widmer-Schlumpf had presented as a way for Swiss banks to disclose client information to U.S. authorities without breaking Switzerland's strict client secrecy laws.

The bill, which was rejected in a vote of 126-67 with two abstentions, had passed Switzerland's upper house in the capital Bern last week.

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