Definition of Swiss bank account in English:
An account held at a bank in Switzerland, identified by a number rather than a name in order to preserve the client’s anonymity and security.
- ‘Diversion of funds into Swiss bank accounts rather than lawful timber harvesting and payment of taxes reduces the cash available to the government for poverty alleviation,’ he noted.
- For example, the Swiss bank account was a joint account with his father.
- The EU is pressing Switzerland to hand over information about EU citizens who hold Swiss bank accounts, and who cannot be taxed on the funds.