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UBS renders help in US tax probe

by Frank Jordans

SWISS bank UBS AG said yesterday that some of its rich American clients may have broken United States tax reporting rules by channeling funds through offshore shell companies. The disclosure comes after the Zurich-based...

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<p><a href="http://www.shanghaidaily.com/sp/article/2008/200806/20080621/article_363985.htm"> UBS renders help in US tax probe </a> by -- SWISS bank UBS AG said yesterday that some of its rich American clients may have broken United States tax reporting rules by channeling funds through offshore shell companies. The disclosure comes after the Zurich-based... </p>