UBS gives IRS records of US client's S'pore account
US authorities moving beyond Switzerland in fight against offshore tax evasion
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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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