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05/11/2008

US Justice Dept. probing Swiss bank UBS in tax case

The PFP has reported that Switzerland's largest bank, UBS, has disclosed that the US Justice Department is investigating whether its bankers helped wealthy Americans evade paying income tax on their investments and that the Zurich-based bank said it was cooperating with both the Justice Department and the SEC.

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05:33 Posted in Switzerland | Permalink | Comments (0)

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