TaxPersonal TaxUBS banker to plead guilty in evasion case

UBS banker to plead guilty in evasion case

Bradley Birkenfeld to offer a 'confession'

A UBS banker is to plead guilty in a US tax fraud inquiry, US papers
reported.

Bradley Birkenfeld, formerly a senior private banker with the Swiss bank, is
to offer a ‘confession’ according to court documents cited by the
New
York Times
.

He has been accused of helping a property developer evade taxes on $200m
(£100m) held in accounts in Switzerland and Liechtenstein.

He had initially pleaded not guilty.

The paper also said that the confession would implicate others at the bank
and other financial institutions.

UBS has not commented.

Further Reading:

Read
the New York Times piece

Read
Reuters yesterday

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