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U.S., UBS Ink Deal in International Tax Dispute
By Brian Monroe
printThe United States and UBS AG said Wednesday that they had reached an agreement over whether U.S. investigators could access data on the bank's tax evading American clients. In a 20-minute morning status conference, U.S. Department of Justice tax division attorney Stuart Gibson stated that the two parties had "initialed agreements" but needed a "little more time" for them to be signed in their final form. The United States sued UBS in February in an attempt to force the bank to turn over the names of 52,000 clients suspected of not reporting assets to the Internal Revenue Service. The agreement...
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