offshore banking

Justice Department Goes To Court Over Release of UBS Tax Evader List

The Department of Justice is asking the Court to allow the IRS to issue a summons to UBS AG demanding the names of wealthy U.S. clients who used the Swiss bank to keep 'undeclared accounts' in order to evade U.S. taxes.

Vested Interest: 
No vested interest
Stock Symbol: UBS UBS AG (NEW) Stock Price: $22.07 Todays Change: +1.06 (+5.05%)

Prosecutors Have Names of UBS Bank's U.S. Clients In Tax Probe

There's big trouble in little Liechtenstein, and UBS AG's private bank just got caught in the crossfire between U.S. prosecutors and U.S. nationals with funds tucked away in the Principality of Liechtenstein.

Vested Interest: 
No vested interest
Stock Symbol: UBS UBS AG (NEW) Stock Price: $22.07 Todays Change: +1.06 (+5.05%)