JURIST Supported by the University of Pittsburgh

THIS DAY AT LAW
Today in legal history...

Friday, August 19, 2011

US and Switzerland reached a deal over access to UBS accounts
Dwyer Arce at 12:00 AM ET

On August 19, 2009, the US government reached an agreement with Switzerland that granted the US Internal Revenue Service (IRS) access to information on thousands of Swiss bank accounts. As part of the agreement [PDF], the Swiss government instructed banking giant UBS to turn over information regarding certain anonymous bank accounts. In return, the US ceased unilateral efforts to seek account holder information, including withdrawing motions to enforce "John Doe" summons, although the summons remained in effect. The agreement was eventually approved by the Swiss Parliament and courts after significant opposition from some Swiss parties.


Swiss flag

Learn more about UBS from the JURIST news archive.




Link post | IM post | go to JURIST | © JURIST, 2011


LATEST DAYS

 Saudi Arabia and USSR reopen diplomatic ties
September 17, 2014

 US Constitution adopted by delegates in Philadelphia
September 17, 2014

 click for more...

SYNDICATION

Add This Day at Law to your RSS reader or personalized portal:
  • Add to Google
  • Add to My Yahoo!
  • Subscribe with Bloglines
  • Add to My AOL

E-MAIL

Subscribe to This Day at Law alerts via R|mail. Enter your e-mail address below. After subscribing and being returned to this page, please check your e-mail for a confirmation message.
MyBlogAlerts also e-mails alerts of new This Day at Law entries. It's free and fast, but ad-based.

CONTACT

This Day at Law welcomes reader comments, tips, URLs, updates and corrections. E-mail us at archives@jurist.org