Experienced Tax Attorneys


Call Us Confidentially Now: 202-349-4033


Call us confidentially now:
202-349-4033


Confidential & Experienced Tax Lawyers

Get Help Now: 202-349-4033

News & Events

Swiss Parliament Temporarily Split on Whether to Allow UBS Disclosure

Posted in Offshore Account Update, UBS / HSBC on June 8, 2010 | Share

June 8 - The lower house of the Swiss Parliament voted today to continue to block the UBS agreement to disclose the names of its U.S. accountholders, despite a vote in favor of disclosure by the upper house last week. The bill will now enter the reconciliation process, which could potentially delay passage until the last day of the session, June 18. We believe that the bill’s failure in the lower house was political posturing, and that the disclosure will be approved well before the August 20 deadline set by the IRS.

Therefore, if you have an undisclosed offshore account, there is still time to come into compliance with the IRS and enter the Voluntary Disclosure Program and avoid potential criminal exposure and excessive penalties.


Thorn Law Group

Get Trusted Help Now

Over 80 years of expertise for your complicated tax law issues.

Back to the Top

Hear What Our Clients Have To Say

"I have personal knowledge that the tax attorneys at Thorn Law Group have developed a nationwide practice guiding individuals, banks, trusts, foundations and other organizations through the processes involved in managing and disclosing offshore bank accounts. The goal for our attorneys is to resolve potential legal issues in advance in order to bring their offshore bank accounts into compliance with government regulations."
Mélanie Corna