In a long-overdue move, the U.S. government has finally smashed Swiss bank secrecy laws by prevailing upon the Union Bank of Switzerland (UBS) to give up the names of hundreds of Americans who have used those laws to evade billions of dollars in taxes. In fact, given President Obama’s declared intent to go after tax cheats (and the banks that… Read more.
U.S. forcing Switzerland to compromise its hallowed bank secrecy laws
Thursday, February 26, 2009 at 5:27 AM