February 26, 2009
What’s in a Name?
Quite a bit if you’re wealthy, American, don’t like paying your taxes, and have used the Swiss Bank UBS to avoid them. A number of UBS’s American clients have filed a lawsuit in Switzerland to prevent the disclosure of their names in connection with a tax-evasion investigation by the IRS. Since the whole point of the lawsuit is to prevent the disclosure of their identities, the plaintiffs in the case have, unsurprisingly, not been idenitifed.