Swiss officials in US talks on UBS tax case: report

0 Comments | AFP, June, 2008

GENEVA (AFP) — Swiss officials have gone to Washington for talks on tax evasion after a former employee of Swiss banking giant UBS admitted conspiring to help US clients dodge millions of dollars in taxes, a report said Friday.

The delegation from the finance and justice ministries will discuss a request for judicial cooperation with their US counterparts in the wake of the guilty plea by banker Bradley Birkenfeld before a federal court in Florida, justice ministry spokesman Folco Galli told Swiss news agency ATS.

Birkenfeld pleaded guilty to conspiring with co-defendant Mario Staggl to hide some 200 million dollars, liable to 7.2 million dollars in US taxes, through an elaborate system of fraud, the US Department of Justice said.

He admitted that between...

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