[RokeIdeadioke]

U.S. presses UBS for 52,000 more names

Prosecutors in the United States have launched a legal case demanding that Switzerland’s biggest bank hand over the names of up to 52,000 of its American customers.

The launch of the civil action in the state of Florida came only a day after UBS agreed a major settlement with the U.S. Justice Department. That agreement compels UBS to disclose the names of around 250 account holders and to pay the U.S. government $780 million. The U.S. accuses UBS of helping American investors evade taxes. Our correspondent in Washington, Daniel Ryntjes, spoke to Lee Sheppard, a contributing editor for the tax journal, Tax Notes.

[RokeIdeadioke]

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