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Thu 07 Jul 2009Swiss state may seize UBS data in defiance of US court order
SWITZERLAND HAS said it would seize UBS data to prevent the US justice department from pursuing a US court order seeking the identities of 52,000 American account holders in a crackdown on tax evaders.
The assertion came in court papers yesterday in federal court in Miami, where the justice department sued UBS on February 19th, a day after the bank avoided US prosecution for helping wealthy Americans evade taxes.
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