Q+A-What’s at stake in the U.S. tax row against UBS?

July 28th, 2009


ZURICH – Alan Gold, the U.S. judge presiding over an tax trial against Switzerland’s UBS, will hold a status call at 1245 GMT on July 29 in which the Justice Department and the Swiss bank are due to advise him about progress towards a settlement of the damaging tax dispute.

On July 12, the United States and Switzerland agreed to seek an out-of-court settlement. Judge Gold has suspended the trial until Aug. 3 to allow the two governments to hammer out a deal. The judge could further extend the deadline.

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