UBS head office, Bahnhofstrasse, Zurich, Switzerland
Update 2 Bern, Switzerland / Miami, Florida, USA (GenevaLunch) - Switzerland and the United States appear to have found an out of court settlement for the pending case of the IRS and Swiss bank UBS, with the two governments asking Judge Alan Gold in Miami to close the court case. The pre-arranged phone conversation took place at 15:00 Swiss time Wednesday. No details have been released.
Speculation has centred around a possible conflict over delivery times for the bank to provide names of its clients who are suspected of not respecting US tax laws, but the two sides and the bank have not confirmed this, nor has any information been provided about how many names the bank is likely to deliver to the IRS, US tax authority, which has requested some 52,000 names.
Related: Bloomberg, Financial Times, Le Temps (Fre)
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News story, GenevaLunch, 12 August 2009.
Filed under: Politics
Tags: court case, IRS, Judge Alan Gold, out of court settlement, Switzerland, U.S., UBS
August 13th, 2009 at 1:24 pm
[...] (GenevaLunch) – The Swiss government said Thursday morning 13 August that details of the agreement with the United States in the case concering the IRS and bank UBS can be made known once the two governments have signed [...]