Merz says IRS-UBS row needs no emergency laws

August 10th, 2009

Finance Minister Hans-Rudolf Merz says using emergency laws is not an option as negotiations on a settlement between the American tax authorities and UBS continue.

Merz, who also holds the rotating Swiss presidency this year, told public television on Sunday that talks were nearing an end and that the federal cabinet would meet to discuss the case, perhaps as early as Monday. A government spokesman would not confirm or deny the meeting.

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