In 2004, Muston had set up a £200,000 trust fund through an IFA in Birmingham, which was later taken over by Barclays Wealth. Aviva, the fund provider, then paid an initial commission of £5,000 to the IFA.
Swiss banks need to know what the U.S. is accusing them of to be able to negotiate a solution, Nicolas Pictet, president of the Swiss private banking association and a managing partner at Pictet & Cie. told Aargauer Zeitung in an interview.
The Greens have been riding high in opinion polls and could be well-positioned to form a coalition with their preferred partners, the centre-left Social Democrats (SPD), or Chancellor Angela Merkel's conservatives (CDU/CSU).
Earlier this year, Sars announced that only 360 individuals earning more than R7-million a year, or with assets in excess of R75-million, were registered to pay tax.
"We are coming to an important phase in the negotiations. We should have, I hope, a deal in the next three to six months," Collardi told Swiss newspaper Le Temps in an interview.