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UBS, U.S. settle tax evasion case

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UBS, U.S. settle tax evasion case

Wednesday, 12 August 2009 11:35

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A settlement is expected to involve the disclosure to U.S. authorities of thousands of names of wealthy American clients suspected of using offshore accounts to conceal assets and evade taxes. Authorities had sought the names of 52,000 people, but it is unclear how many names might be revealed.

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