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 YaY! Switzerland thwarts US tax deal

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YaY! Switzerland thwarts US tax deal Vide
PostSubject: YaY! Switzerland thwarts US tax deal   YaY! Switzerland thwarts US tax deal Icon_minitimeThu Jul 09, 2009 6:48 am
Switzerland is trying to ensure UBS is not forced to hand over account details to the US authorities, an apparent reversal of promises to share tax data.

The Swiss government is arguing that handing over the client details would breach its national bank secrecy rules.

UBS is refusing to release data on 52,000 Americans that hold Swiss bank accounts to US tax authorities who accuse them of tax evasion.

Switzerland's largest bank, UBS faces a court hearing in Miami on 13 July.

In a case brought under civil law, it stands accused by the US of hiding close to $15bn (£9.33bn) in assets in secret accounts.

http://news.bbc.co.uk/2/hi/business/8140206.stm

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YaY! Switzerland thwarts US tax deal Vide
PostSubject: Re: YaY! Switzerland thwarts US tax deal   YaY! Switzerland thwarts US tax deal Icon_minitimeFri Jul 10, 2009 5:14 am
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