Mon, Jun 29
Switzerland's UBS is to pay 3 to 5 billion Swiss francs ($2.77-$4.62 billion) in the next two weeks
to settle a U.S. tax probe into the bank, Swiss newspaper Sonntag reported on Sunday.
The U.S. government is suing UBS to get the names of 52,000 Americans who allegedly hid
nearly $15 billion in assets from the taxman.
Sonntag, which said the figure of 3 to 5 billion francs had been confirmed by three independent
sources, reported a deal could be signed between July 1 and July 13.
Source:http://in.news.yahoo.com/137/20090629/744/tbs-ubs-to-pay-3-5-bln-sfr-to-close-us-t.html
Switzerland's UBS is to pay 3 to 5 billion Swiss francs ($2.77-$4.62 billion) in the next two weeks
to settle a U.S. tax probe into the bank, Swiss newspaper Sonntag reported on Sunday.
The U.S. government is suing UBS to get the names of 52,000 Americans who allegedly hid
nearly $15 billion in assets from the taxman.
Sonntag, which said the figure of 3 to 5 billion francs had been confirmed by three independent
sources, reported a deal could be signed between July 1 and July 13.
Source:http://in.news.yahoo.com/137/20090629/744/tbs-ubs-to-pay-3-5-bln-sfr-to-close-us-t.html
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