Thursday, February 19, 2009

Forget about that Swiss bank

It seems that UBS has lost a case dealing with tax evasion with the IRS and has agreed to disclose information on 19,000 US citizens that have Swiss bank accounts that are suspected of tax evasion.

This would mark a big change - many think that Swiss banks will no longer be a "safe haven" for those wishing to keep their finances quiet.

I suppose cash is the safest bet.

article at HuffPost

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