Switzerland Threatens to Seize UBS Client Info
Posted on 08. Jul, 2009 by Shera Crossan in Business & Finance, Events, Foreign and Domestic Intelligence, Israel & Jewish Issues, Shera Crossan, Top Stories
The Swiss government said it is ready to confiscate UBS client information to prevent the bank from violating secrecy laws by handing documents over to the U.S. government.
The IRS is battling in a Miami court to force UBS to provide information on the accounts of 52,000 U.S.-based taxpayers. However, UBS contends that doing so would [...]
U.S., Swiss Agree to Share Data on Tax Evaders
Posted on 21. Jun, 2009 by Shera Crossan in Business & Finance, Economy, Foreign and Domestic Intelligence, Politics, Shera Crossan
U.S. Treasury Secretary Timothy Geithner said the deal, which the governments began negotiating in April, “will help bring an end to an era of offshore accounts and investments being used for tax evasion.” The U.S. declined to release details until the deal, which could face a referendum in Switzerland, has been completed and signed.
Switzerland and [...]
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