News of Interest

By John Pacenti
Daily Business Review and Law.com Legal Newswire
August 3, 2009

"[The U.S.] Justice Department said the Swiss and U.S. governments had an 'agreement in principle on major issues' to substantially resolve an Internal Revenue Service demand for the names of 52,000 U.S. citizens suspected of tax evasion on assets secretly held at the Swiss bank UBS.

[ ... ]
"Assistant U.S. Attorney Stuart Gibson offered no details as he announced the advance in talks between the United States and Switzerland, which is trying to protect the identity of UBS customers under its centuries-old banking secrecy laws."

To read the full article, click on the Title Line, above.

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