Taxes are inevitable

By: Law is Cool · August 21, 2009 · Filed Under Privacy · Add Comment

Swiss bank UBS to name names

Swiss banking giant UBS AG (UBS-N15.51-0.39-2.45%) agreed Wednesday to turn over to the IRS the details of 4,450 accounts suspected of holding undeclared assets by American customers, piercing Switzerland’s long-standing tradition of banking secrecy.

Post tags: banking secrecy, Doug Shulman, IRS, Switzerland, tax evasion, Tax Law, taxes, UBS, us

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