Tuesday, June 23, 2009

An end to the UBS tax case?

The United States has, for a few years now, been pushing hard against the Swiss bank UBS to disclose the names of accounts where it appears Americans have been stashing money in order to avoid US taxes.

As expected, the Swiss have been pushing back hard on the efforts, but it looks like a settlement might be around the corner.

Frankly, it sounds like the lawsuit already did much of the work in smoking out many of the account holders anyway, plus a fat fine that UBS already paid. Presumably they'll be writing the US Treasury another big check.

1 comment:

Anonymous said...

Sticking with the subject, here's an article that you may want to take a look at: http://www.pressdisplay.com/pressdisplay/showlink.aspx?bookmarkid=GVPHIAHEJF3&preview=article&linkid=a0ce266a-74a7-48ac-a440-22c11249a4c5&pdaffid=ZVFwBG5jk4Kvl9OaBJc5%2bg%3d%3d

Best regards,
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