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UBS Client Wins Case on Transfer of Tax Data to U.S.

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GOOD NEWS FOR TAX DODGERS
"A UBS AG account holder won a Swiss court case preventing data from being disclosed in a ruling that may impede a U.S. crackdown on overseas tax evasion," Bloomberg reports. "The failure by U.S. citizens to complete certain tax forms or declare income doesn’t constitute “tax fraud” that would require Switzerland to disclose account data, the country’s Federal Administrative Court ruled in a judgment released today."
SOURCE:   Bloomberg

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