Canadian Tax Agency and UBS to Meet

August 21st, 2009

Demonstrating the ripples that have been caused by the U.S.-UBS case, Bloomberg has printed an article that reports that UBS will meet with the Canadian tax agency in order “to determine how much Canadian money is held offshore by the Swiss bank.”  The article provides further detail, that, “Lawyers for the Canada Revenue Agency will meet with the Swiss bank in September, the Globe said, citing Minister of National Revenue Jean-Pierre Blackburn.”

This will be an important conversation to keep an eye on and provides a welcome sign that the impact of the U.S.-UBS case will not be limited to the 4,450 names to be handed over.

Written by Rachel Brown

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