Washington, DC (GenevaLunch) – The US Justice Department, in a document obtained by Swiss wire service ATS, is reported to be insisting that it will not relax its stance on Swiss bank UBS. A US federal court in Miami 13 July will hear a civil case brought by the IRS tax authority against the Swiss bank. The IRS says UBS must hand over the names of owners of 52,000 bank accounts. UBS and the Swiss government say it cannot do so because the bank would be breaking Swiss banking secrecy and data protection laws, and that the demand by the IRS in any event runs counter to the existing US-Swiss treaty that covers demands for assistance in criminal cases.
Title: Declaring Swiss bank accounts – a US perspective
Location: Geneva, Ramada Park Hotel
Link out: Click here
Description: Guest Expert: Scott D Michel, member, Caplin & Drysdale; H David Rosenbloom member, Caplin & Drysdale
Start Time: 11:45
Date: 25 Nov 2008
End Time: 14:00
