Switzerland’s biggest bank UBS hits a hitch in tax tussle »
By admin on Sep 15, 2008 in Switzerland | 0 Comments
Swiss bank UBS wants to clear the decks of the US tax probe within a fortnight, but is facing a hurdle presented by Swiss secrecy laws. The bank is accused by the US Justice Department and regulators of helping rich Americans avoid taxes through its offshore private banking division.
Swiss Finance Minister Hans-Rudolf Merz warned UBS [...]
