Day: January 9, 2009

Swiss Bank Closing Offshore American Accounts

According to Reuters, (and this post is being updated), UBS, a Swiss wealth manager, is closing U.S. clients' offshore accounts because of pressure from the United States Government, and the IRS is benefiting.  Read the article and open your minds. UPDATE 1-UBS closing U.S. clients' offshore accounts ZURICH, Jan 9 (Reuters) - Swiss wealth manager UBS AG (UBSN.VX: Quote, Profile, Research) (UBS.N: Quote, Profile, Research) is closing all the offshore accounts of its U.S. clients, the bank said on Friday, as it comes under pressure from U.S. tax authorities. The Swiss bank decided in July last year to stop offering…
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