US Tax Spat Returns UBS To Spotlight As Swiss, US Seek Pact

June 16th, 2009

Wall Street Journal

ZURICH (Dow Jones)–UBS AG (UBS) was again at the center of relations between Switzerland and the U.S. Tuesday as the two countries launched talks aimed at agreeing a double-tax treaty which experts say could have implications for the Swiss bank’s ongoing legal battle with the Internal Revenue Service.

Switzerland wants a speedy resolution to the talks after inking double-taxation agreements with several European countries in recent weeks, a spokeswoman for the finance department said Tuesday.

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