|
|
18 Nov 2008
An American customer of UBS AG plans to request a Swiss court to stop UBS handing over his account details to US authorities investigating alleged tax evasion.
His lawyer Thomas Fingerhuth said yesterday the Swiss federal tax office had given his client 30 days to challenge its decision that he had to surrender his entire file to the US investigators, who are trying to determine whether UBS helped wealthy Americans evade their tax obligations.
'It's my contention that the documents were compiled illegally, and therefore cannot be surrendered or used in America, where the rules on permissible evidence are much stricter than in Switzerland anyway,' Fingerhuth told The Associated Press.
He said several other UBS clients were preparing similar cases, but this was the first. 'In my client's case, it's not about a crazy amount of money,' Fingerhuth said. 'But I have a feeling that they want to push through one case to see how it goes, and then follow through with the others.'
Further reading:
You may also like
Search thousands of financial jobs:
Search thousands of financial jobs:
Careers
Search for jobs
Click to search our database of all the latest accountancy roles
Create a profile
Click to set up your profile and let the best recruiters find you
Jobs by email
Sign up to receive regular updates with the latest roles suitable for you
Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
Visitor comments Add your comment