U.S. managed gritted Switzerland

Customer Data Submitted to U.S. origin

 Swiss Parliament finally approved the agreement on the provision of data to U.S. customers, who embezzled U.S. tax through the Swiss banking, particularly UBS.

After winning the U.S. presidential election on November 4, 2008, U.S. President Barack Obama has encouraged the creation of a law in the U.S. senate. It is a tax paradise suppress all countries that have been detrimental to many countries through tax evasion and other. Given this agreement, UBS one of Switzerland's big banks became the main target will provide data to the authority of its customers in the U.S.. Previous U.S. citizens suspected of tax mnggelapkan, Many of those already indicted are clients of UBS.Previously, Switzerland, USA and UBS reached an agreement in August 2009 that the bank would provide data about customers suspected of embezzling 4450 taxes. Only, the agreement still must await approval from the Swiss parliament finally granted on Thursday (17 / 6). This struggle has been running for three years between UBS and U.S. tax authorities who suspect a foreign bank to help the people of the United States for years to hide billions of dollars in overseas accounts.With this approval, has been an era ended with a safe hiding money in Switzerland.

UBS admitted 

UBS admitted helping thousands of U.S. customers to darken the tax. Under the agreement, the Swiss have to provide customer data to the U.S. Internal Revenue Service no later than in August 2010. Previously, the Swiss Supreme Court vetoed the deal because of taint the tradition of banking secrecy in Switzerland. Switzerland is famous for protecting the data of its customers. Very difficult to track assets in Swiss banks even though the customer was suspected of having a criminal act. The tradition of protecting customers has been ingrained in the Swiss banking. Swiss government saw a green light from parliament when it says there is nothing that can stop the UBS provide customer data. "Parliamentary approval to make the Swiss still continue to keep the commitment he made." Thus a statement from the Justice Department of Switzerland. The head of UBS Oswald Gruebel praised the approval by parliament as the aim of strengthening the agreement between Switzerland and the U.S..Gruebel also mengakatan largest bank in Switzerland that it will continue to concentrate on a variety of obligations as a consequence of this agreement. Gruebel also said he was very confident that this problem can be resolved before August.

Swiss authorities will provide the data 500 customers who previously have given their consent. In addition, there are other data in 1200 ready to be sent after approval from parliament. In total, Bern 3000 will process up to 4450 cases that have been appointed by Washington and say, providing data that is a great way to meet the demands of cooperation the two governments.Last week, As Switzerland has warned that the U.S. would do if a lawsuit against UBS Swiss parliament also agreed it was not. UBS's willingness to hand over data dependent on the approval of the Swiss parliament. Swiss officials had feared it would damage the political and economic relations as well as destroy the licensing UBS in the U.S..