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23/2 CHF could be under pressure due to pressure on Swiss banking secrecy.

23.02.2009 | 11:31 0 Komentářů

The UBS is currently being sued by the US Government to hand out names of 52,000 US citizens that according to the US Government are customers in UBS and have avoided paying tax of their interest rates. Prior to this the UBS and the US Government settled in another lawsuit where UBS agreed to pay 780 million USD in penalty and hand out 250-300 names of US clients.

UBS and the Swiss banking secrecy more generally is under severe pressure from Obama who during his campaign stated that he will make sure that accounts in tax heavens held by US citizens will be taxed. The EU leaders followed Obama

Zdroj: Saxo Bank

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