Swiss set to share UBS tax data

Individuals attempting to dodge taxes by putting money in Swiss bank accounts may want to think twice. Swiss banking giant UBS recently began cooperating with a Department of Justice investigation into allegations of tax fraud involving UBS customers.

"US authorities had been concerned that its citizens were using Switzerland’s notoriously secretive banking system to avoid paying tax on income and assets."

Swiss set to share UBS tax data | BBC News

 

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