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UBS gives IRS records of US client's S'pore account

US authorities moving beyond Switzerland in fight against offshore tax evasion

Published Thu, Jun 23, 2016 · 09:50 PM
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Newark, New Jersey

UBS GROUP AG has ended a legal fight with the Internal Revenue Service, agreeing to hand over records on an American client's account in Singapore as US authorities seek to move beyond Switzerland in their fight against offshore tax evasion.

The case involves Ching-Ye Hsiaw, a US citizen living in China who had an account in Singapore from 2001 to 2011.

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