News & Events

In what is seen as a blow to the famous Swiss banking secrecy laws, the Swiss Parliament resolved its split over the UBS account information disclosure issue when the lower house voted on June 15th to effectively overturn the Swiss court’s ruling that was temporarily blocking the agreement between UBS and the U.S. government.  Under the terms of the agreement, the U.S. government agreed to not prosecute UBS for its actions in assisting US tax evaders if UBS disclosed the names and account details of its 4,450 largest accounts held by US citizens suspected of tax evasion.

The Swiss Parliament has resolved its split over the UBS account information disclosure issue.

Lower and Upper house of the Swiss Parliament disagree on UBS U.S. accountholder disclosure.

Kevin E. Thorn will be giving the UBS Offshore Account Update on Voluntary Disclosures at the upcoming ABA Tax Section, Civil & Criminal Penalties Committee Meeting in Washington, DC.

Less than two weeks remain before the Swiss Parliament will vote!