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U.S., UBS Say Issues ‘Remain to be Solved’ in Tax Evasion Settlement
By Brian Monroe
printThe United States and UBS AG asked a Miami judge Friday to again delay a tax evasion hearing so the parties could hash out the details of a preliminary settlement. The request is the third delay for the lawsuit against the Swiss bank, which paid the U.S. Justice Department $780 million in February for helping wealthy Americans avoid reporting their assets to tax collectors. The United States sued UBS that month in an effort to force the bank to turn over the names of 52,000 tax evading clients, a move that UBS said would violate Swiss law. In two conference...
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