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Switzerland Threatens to Seize UBS Client Info

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The Swiss government said it is ready to confiscate UBS client information to prevent the bank from violating secrecy laws by handing documents over to the U.S. government. The IRS is battling in a Miami court to force UBS to provide information on the accounts of 52,000 U.S.-based taxpayers. However, UBS contends that doing so would violate Swiss banking secrecy laws. Instead, the bank has chosen... 
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