The Swiss Parliament today approved a historic tax deal with the United States. The tax treaty would force Swiss bank UBS AG to turn over to U.S. authorities thousands of files on Americans suspected of hiding assets overseas. The deal comes after a heated three-year dispute between the U.S and USB AG; it is expected to go into effect in a matter of months. USB AG is accused of helping Americans stow millions of dollars in offshore accounts.Those interested in understanding the legal implications of the tax treaty should contact an experienced attorney.
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