Swiss Seen Passing U.S. Bank-Tax Law to Avoid Worse Fate

The Swiss parliament will probably pass a bill allowing banks to resolve a tax-evasion dispute with the U.S., dropping opposition for fear of leaving the country’s 300 institutions to a worse fate, according to academics including Peter V. Kunz of the University of Bern.

Members of the upper house’s economic committee will today start debating the law, which authorizes Swiss banks to cooperate with U.S. authorities. In a break with usual legislative procedure, it is set to be discussed by both chambers of parliament in the same session, which runs through June 21.