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Bern to pass 4450 UBS account details to US

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Michael BärAugust 19, 2009

Welcome back ... Switzerland has agreed to hand over details of over 4 thousand 400 UBS bank accounts to United States tax authorities. The move settles a tax dispute that challenged Swiss banking secrecy and now threatens to spill over to other banks. It's a small breach in the wall, but otherwise Swiss banking secrecy is still largely intact.