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UBS must release names of suspected tax cheats

AP has reported that the US Justice Department stated in a court filing yesterday that Swiss bank UBS AG "systematically and deliberately" violated U.S. law by dispatching private bankers to recruit wealthy Americans interested in evading taxes and must be forced to reveal the identities of 52,000 of those clients.

The signature of an agreement based an the OECD tax model between Switzerland and the USA a couple of days ago did not hushed up the issue.

06:40 Posted in Switzerland | Permalink | Comments (0)

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