Kevin Reed, Accountancy Age, Friday 18 June 2010 at 11:00:00

UBS Warburg's US client details to be handed over by Switzerland to the US


The Swiss parliament finally approved rules to enable the handing over ofnames of US clients ofUBS Warburgsuspected of evading tax.

Last week the Swiss parliament had voted against hading over the information,but an agreement was reached yesterday.

More than 4,500 details will be passed across to the US of US citizensbelieved to have undeclared assets in their accounts.

Further reading:

Swissveto UBS accounts handover

Swisstax officials entice UK business