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IRS GOES AFTER UBS DOCUMENTS
July 01, 2008
In the wake of the guilty plea by UBS Banker Bradley Birkenfeld, the IRS has issued a summons for UBS to turn over records of its U.S. clients with offshore accounts. This should be interesting. Considering the consequences of failure to report offshore accounts, I bet some UBS clients are quietly beginning to work on deals with the IRS and Treasury.
The TaxProf rounds up the coverage.
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