UBS tax deal details unlikely on Friday: sources

August 5th, 2009


ZURICH – The United States and Switzerland are expected to reach a final settlement on Friday to end a tax row against giant UBS, but details of the deal won’t be made public the same day, sources familiar with the situation said.

U.S. tax authorities have sued UBS as the bank refused to hand over the names of 52,000 U.S. holders of secret account. A deal would spare the Swiss bank giant a trial that is due to start on August 10.

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