U.S. Govt to End Tax-Evasion Case Against UBS

UBS (UBS) moved a step closer to putting its U.S. tax-evasion scandal behind it as U.S. authorities said they will soon close a tax fraud case that threatened to bring the banking giant to its knees. The U.S. govt agreed last August to drop tax-evasion charges against UBS after Switzerland promised it would transfer the details of around 4,450 clients that UBS had helped to dodge taxes. – Reuters

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