Morning Scan: UBS in Tax-Evasion Hot Water Again; Somali Remittances.

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  • Additional Information
    • Subject Terms:
      SWITZERLAND
    • Subject Terms:
      UBS AG 022700199 UBS; UNITED States. Federal Bureau of Investigation
    • Abstract:
      Receiving Wide Coverage … The Swiss and Taxes: And you wonder how the Swiss banking industry got its reputation as a haven for tax evaders? The Justice Department and the Federal Bureau of Investigation are examining Swiss bank UBS for allegedly helping its American wealth-management clients avoid taxes by putting their money into investments that are banned in the U.S., the Wall Street Journal reported. This isn't the first time UBS has run afoul of U.S.… [ABSTRACT FROM AUTHOR]
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