US Demands UBS Cough Up 50K Tax Cheat Clients

Swiss bank stunned by number in court filing
By Rob Quinn,  Newser Staff
Posted Feb 20, 2009 4:19 AM CST
The logo of Swiss Bank UBS is seen in Zurich, Switzerland.    (AP Photo/Keystone, Alessandro Della Bella )
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(Newser) – The Justice Department has stunned UBS with a demand for the names of 52,000 clients believed to be American tax dodgers, reports the Wall Street Journal. The Swiss bank had expected to be asked for 20,000 names, but a court filing yesterday stated that an IRS investigator had uncovered an internal bank document referring to 52,000 secret American account holders with assets of around $15 billion.