Friday, July 31, 2009

Switzerland and US reach UBS tax agreement...

The governments of Switzerland and the United States have reached an agreement in principle on the major issues in their tax evasion dispute involving Swiss bank UBS.

US district judge Alan Gold agreed to cancel a trial that was supposed to begin on Monday into a demand for the confidential information of 52,000 UBS clients.

Gold had already delayed the case three weeks to allow all parties to reach an out-of-court settlement. More...

Don't miss:

  1. Swiss govt. steps in to prevent UBS from revealing US clients' data...
  2. Swiss banks turn their backs on US clients...
  3. Foreigners account for more than 2000 billion francs in Swiss banks...
  4. UBS and Washington, a love-story gone sour...

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