Monday, 23rd November 2009

 

1 October 2008 - Press Briefing

Swiss tax authorities likely to hand over tax info of UBS clients

Switzerland’s tax authorities are expected to hand over confidential data on wealthy American clients of UBS to the US Justice Department, according to a report in the New York Times.

The report cited sources that added that UBS began handing over data of American clients with offshore private banking accounts to the Swiss authorities in August.

It appears that the Swiss justice ministry might be adopting the view that some American clients of UBS may have committed tax fraud, said the report.

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