Washington wins UBS accounts deal

Article reports that the US blew a hole in Switzerland's famed bank secrecy in August 2009 as Bern agreed to reveal the names of 4,450 wealthy Americans holding offshore accounts at UBS, the country's biggest bank.

Washington hailed the deal as a victory in its clampdown on tax evasion and indicated that it would pursue other foreign banks and individual tax 'cheats'.

BBC News, 21.8.09: Swiss pair indicted in tax probe http://news.bbc.co.uk/1/hi/business/8213378.stm

ESO: Background information: Call for quick end to UBS tax evasion case http://www.europeansources.info/record/call-for-quick-end-to-ubs-tax-evasion-case/

Swissinfo.ch: News Digest, 20.8.09: UBS deal seen as "best of all bad solutions" http://www.swissinfo.ch/eng/front/UBS_deal_seen_as_best_of_all_bad_solutions.html?siteSect=105&sid=11100344&cKey=1250756652000&ty=st

Switzerland: Swiss Confederation: Press Release, 19.8.09: UBS: New Treaty Request Instead Of Unilateral Action http://www.news.admin.ch/message/?lang=en&msg-id=28498

US: Department of Justice: Press Release, 19.8.09: U.S. Discloses Terms of Agreement with Swiss Government Regarding UBS http://www.usdoj.gov/opa/pr/2009/August/09-tax-818.html

Switzerland: Federal Department of Finance: Topics: Dossiers: Banking secrecy http://www.efd.admin.ch/themen/00796/01377/index.html?lang=en

Swissinfo.ch: News digest, 17.11.09: "New" UBS unveils strategic rebranding http://www.swissinfo.ch/eng/front/New_UBS_unveils_strategic_rebranding.html?siteSect=106&sid=11504203&cKey=1258489719000&ty=st

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