Archive | August, 2009

UBS Strike Deal With US To Hand Over Biggest Accounts

A preliminary agreement has been reached in the tax evasion dispute between Swiss Bank UBS and US authorities. UBS has agreed “in principle” to hand over records of 5’000 of the biggest accounts that allegedly conceal unreported wealth.The agreement diffuses a potentially embarrassing conflict between Swiss and US authorities. Although the US government originally sought […]

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