Financial Transparency Coalition

ZURICH (Reuters) - Swiss bank UBS could transfer client data to the United States and end a damaging tax litigation without breaching Swiss bank secrecy laws, a top Swiss judge told Reuters on Tuesday.

Financial Times - McDonald’s is to leave London for Geneva, joining the growing ranks of US companies moving their European headquarters to take advantage of preferential intellectual property tax laws.

ZURICH/MIAMI (Reuters) - A federal court judge in Miami approved a delay in a high-profile trial on Monday in which U.S. tax authorities hoped to force UBS AG to reveal the identities of thousands of Americans suspected of using the Swiss bank to evade taxes.

The US DOJ's case against swiss banking giant UBS was delayed yesterday when all three parties - UBS, the US, and Switzerland - asked the Federal District Court in Miami to postpone the trial date until August 3rd so that the US and UBS could continue working out a settlement. The two sides are scheduled to update the judge on their progress on July 29th. From the Financial Times:

Prospects for a settlement between the sides improved after the US Department of Justice, UBS and the Swiss government asked for a three-week...