Friday, February 20, 2009

UBS to resist new US probe


UBS to resist new US probe
20-02-2009

Switzerland's biggest bank, UBS, has said it will rebuff a new attempt by the American tax authorities to obtain the details of over 50,000 US citizens holding Swiss bank accounts. The lawsuit, filed yesterday by the United States government, comes the day after UBS agreed to reveal the details of a few hundred clients suspected of tax fraud.

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