Deja vu: UBS tax case dredges up Swiss bank nightmares

📆 3/15/2019 6:16 PM
📰 ChannelNewsAsia

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ZURICH: A Swiss court will decide within weeks whether UBS must hand over historical client data to French tax authorities, a ruling that could ...

ZURICH: A Swiss court will decide within weeks whether UBS must hand over historical client data to French tax authorities, a ruling that could open the door to fresh financial claims against Switzerland's banks.

France wanted names, birth dates and account balances to check whether the account holders had paid their taxes. Swiss tax authorities agreed but UBS fought the case in court. The court ruled that knowing the account number was enough, saying it was not an improper fishing expedition - a key point in France's case.

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