UBS data transfer to U.S. possible: Swiss judge
July 14th, 2009
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.
U.S. authorities have asked UBS to disclose the identity of 52,000 Americans suspected of using secret Swiss accounts to dodge taxes. UBS has so far resisted saying a blanket request to disclose the names of the clients would breach Swiss law.
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