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DoJ Slams UBS Defense In Tax Suit

07-02-2009 | Source: emii.com

The U.S. Department of Justice has ordered UBS to comply with an Internal Revenue Service (IRS) summons seeking the identity of 52,000 U.S. account holders, The Wall Street Journal reports. UBS had reached a settlement with U. S. authorities in February, and promised to disclose the identities of about 250 U.S. customers.

The DoJ dismissed the bank’s statement that it had made a good-faith effort to comply with the IRS summons. A court hearing on the dispute is scheduled for July 13.

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