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	<title>MoneyMountains.com &#187; Swiss secrecy laws</title>
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		<title>Switzerland&#8217;s biggest bank UBS hits a hitch in tax tussle</title>
		<link>http://moneymountains.com/switzerlands-biggest-bank-ubs-hits-a-hitch-in-tax-tussle/</link>
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		<pubDate>Mon, 15 Sep 2008 08:34:12 +0000</pubDate>
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				<category><![CDATA[Switzerland]]></category>
		<category><![CDATA[Hans-Rudolf Merz]]></category>
		<category><![CDATA[Swiss Finance Minister]]></category>
		<category><![CDATA[Swiss secrecy laws]]></category>
		<category><![CDATA[UBS]]></category>

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		<description><![CDATA[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 [...]]]></description>
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