NEW YORK — Switzerland and the United States are close to announcing an agreement to end their long dispute over how to punish banks that helped Americans evade taxes, Swiss banking and government officials said Wednesday.
“There is a deal,” said Anne Césard, a spokeswoman in Bern for the Swiss Federal Finance Department, although the precise terms are to remain secret until a joint statement is issued by the two governments.
“I’d say it would be a matter of days,” she added.
A person briefed on the matter said that the United States and Swiss sides had been trading working papers on the issue for many months and that a final settlement would likely require individual banks to pay a fine to the United States equivalent to 20 percent to 50 percent of the value of their undeclared US accounts. Full story for BostonGlobe.com subscribers.