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Swiss lawmakers approved a final deal on Thursday to hand over to American authorities data on thousands of suspected tax cheats with accounts at UBS, Switzerland's largest bank.
Swiss lawmakers on Tuesday rejected a deal to hand over to United States authorities data on more than 4,000 wealthy Americans suspected of evading taxes with the help of the Swiss bank UBS, a move that could bring the bank a step closer to indictment, according to people briefed on the matter.
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After protests last year over price rises, Royal Mail said that it would consider "reasonable remuneration" to local authorities supplying data on new addresses.
The bank Julius Bär acknowledged on Tuesday that it had received a formal request from American authorities for data on American clients of the bank's offshore services.
Julius Baer acknowledged last week that it had received a formal request from the U.S. authorities for data on American clients of the bank's offshore services.
Rep. Edward J. Markey (D-Mass). requested the information from carriers, including records on "cell tower" dumps, in which the carriers provide law enforcement authorities with data on cellphone users near a cell tower during a discrete period of time.
The reason for that appears to be a clause in the deal that stipulates that the U.S. summons would be dropped if U.S. authorities receive data on 10,000 UBS account holders.
ZURICH — Switzerland has turned over to the U.S. authorities encrypted data on bank employees who served American clients suspected of dodging taxes, and will only provide the key to decipher the information once a legal dispute is settled, the Swiss Finance Ministry said Tuesday.
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