Based largely on his information, UBS could have been forced to give the U.S. Internal Revenue Service the names of 19,000 U.S. clients suspected of tax evasion, he said.
In February, as part of a "deferred prosecution agreement," UBS agreed to pay $780 million to settle charges that it had helped American clients evade taxes on about $20 billion concealed in offshore accounts.
In February, as part of a "deferred prosecution agreement," UBS agreed to pay $780 million to settle charges that it had helped American clients evade taxes on about $20 billion concealed in offshore accounts.
