Tag Archives: UBS

IRS In Discussions With Swiss Bank UBS Over Identification of Bank Clients Suspected of Tax Evasion

On July 13, a federal judge in Miami granted a joint motion to stay an evidentiary hearing that was to be held as a result of a petition from the United States that the Swiss bank UBS be compelled to disclose the names of 52,000 American clients who were suspected of tax evasion.  The case has raised concerns about the effects of privacy laws in other nations on the ability of the federal government to enforce its own laws and created tension between the Justice Department,… More