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China manipulating its currency unfairly: US Treasury cautions

October 16, 2009 - 9:31am | Analytics | News
China manipulating its currency unfairly: US Treasury cautions

China's foreign-exchange policy risks "unwinding" some of the progress made in reducing global trade imbalances during the financial crisis, the U.S. Treasury said Thursday in its latest report on foreign-exchange trading. 

 But the department repeated its previous finding that China was not formally manipulating its currency. 
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China | currency | foreign-exchange policy | G-20 Summit | global trade | US Treasury
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Will USA and Switzerland come to consensus?

April 7, 2009 - 6:18am | Law aspects | News
Will USA and Switzerland come to consensus?

According to the Reuters report, the USA and Switzerland intend to revise bilateral tax agreement signed in 1996. As the U.S. Treasury said on Monday, this move is a part of an effort to cool a high-profile dispute between these two nations over banking secrecy laws.

The announcement comes days after the G-20 Summit promised to crack down on jurisdictions that fail to cooperate in cross-border tax evasion cases.
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dispute | G-20 Summit | Switzerland | tax havens | U.S. Treasury | UBS AG | USA
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