Financial Transparency Coalition

ZURICH (Reuters) - Clients of UBS facing disclosure of their accounts to U.S. tax authorities were not harmless victims and legal cases against former UBS bankers did not affect the bank, its chairman told Swiss Sunday newspapers.

U.S. government to get names of suspected American tax dodgers using Swiss bank accounts

Bradley Birkenfeld, the former UBS private banker turned key informant, was on Friday sentenced to a tougher-than-expected 40 months in prison for helping wealthy American clients evade taxes.

I’ve spent the last couple of days telling journalists and writing blogs saying that the US must go against the Swiss bankers and lawyers who have set up abusive arrangements for US residents. And USA Today has confirmed that is exactly what they’re doing: