Swiss Lawmakers Ok U.S. Tax Deal ; Ubs Would Reveal Depositors' Names.

Summary


GENEVA (AP) -- The Swiss Parliament today approved a treaty with the United States that will hand thousands of files on suspected tax cheats to U.S. authorities, but obstacles remain that could delay the deal for several more months.

The government hopes the agreement will eventually end UBS AG's three-year battle with U.S. tax authorities that culminated in revelations the bank had for years helped American clients hide millions of dollars in offshore accounts.

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Swiss Lawmakers Ok U.S. Tax Deal ; Ubs Would Reveal Depositors' Names.

Under the treaty that was painstakingly crafted by Bern and Washington last year after months of negotiations, Switzerland h...

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