caa a22 4500 555285472 20191012082330.0 cr unu---uuuuu 190206s2018 xx s 000 0 eng 0303-9692 10.1186/s41937-018-0024-0 doi (EDOC)oai:edoc.unibas.ch:68271 Lengwiler Yvan The U.S. Tax Program for Swiss banks: what determined the penalties? [Elektronische Daten] [Yvan Lengwiler, Albana Saljihaj] The U.S. Tax Program for Swiss banks is a very significant part of the recent history of the Swiss financial industry. It has accelerated the transformation of the Swiss banking industry from a system that relied on bank secrecy to a much more compliant one. It was also rather costly for the banks involved. This short paper tries to identify the determinants of the individual penalties that were levied by the DoJ. We find that U.S. assets under management is the most important determinant. However, the average size of the accounts, the behavior of the bank vis-à-vis its American clients, the solvency of the bank, and the point in time when the bank settled with the DoJ also matter. Saljihaj Albana joint author Swiss Journal of Economics and Statistics / Schweizerische Zeitschrift für Volkswirtschaft und Statistik 154 (23), pp. 1-12 0303-9692 https://edoc.unibas.ch/68271/1/20190113140653_5c3b37eddb4b8.pdf text/html WWW-Backlink auf das Repository 1 Article edoc PeerReviewed edoc peerstatus EDOC 856 40 https://edoc.unibas.ch/68271/1/20190113140653_5c3b37eddb4b8.pdf text/html WWW-Backlink auf das Repository EDOC 100 1- Lengwiler Yvan EDOC 700 1- Saljihaj Albana joint author EDOC 773 0- Swiss Journal of Economics and Statistics / Schweizerische Zeitschrift für Volkswirtschaft und Statistik 154 (23), pp. 1-12 0303-9692 SWISSBIB 555285472 BK010053 XK010053 XK010000 EDOC EDOC EDOC Article