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IRS Dents Swiss Banking Secrecy

Christian Science Monitor, August 19, 2009: IRS Cracks Open 4,450 Swiss Bank Accounts

Berlin – Swiss banking giant UBS said Wednesday it had agreed to give to American authorities the names of up to 4,450 US account holders who the Internal Revenue Service suspects of using Switzerland’s vaunted banking secrecy rules to avoid paying billions of dollars in US taxes.

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