Switzerland selling stake in UBS

Discussion in 'Wall St. News' started by omegapoint, Aug 20, 2009.

  1. Is this the end of the "Swiss bank account"? Synonomous with
    Scofflaw tax avoidance. Obviously a reaction to the recent
    outing of account holders who've been hiding out there for decades. Wouldn't you like to have been patched into that phone call or meeting ...or shitstorm.
  2. moarla


    switzland sold the shares after UBS is out of the biggest troubble, with a GAIN of 1.2b SF :cool:
  3. The Swiss government is charged with what details from UBS accounts will be turned over to authorities from the IRS. Don't know why it would have to be filtered thru them first.