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Re: Tuff-Stuff post# 323797

Tuesday, 06/15/2010 5:01:00 AM

Tuesday, June 15, 2010 5:01:00 AM

Post# of 648882
Switzerland's lower House of Parliament on Tuesday backed a pact that would allow the country to disclose details on suspected tax dodgers to U.S. authorities, according to a Dow Jones Newswires report. It also, however, made the decision subject to a referendum. The upper House of Parliament, which passed the bill last week, has opposed a referendum on the issue. The two houses have until June 18 to resolve the issue, the report said. An agreement is needed to allow Switzerland to hand over details of around 4,500 UBS /quotes/comstock/13*!ubs/quotes/nls/ubs (UBS 13.08, 0.00, 0.00%) /quotes/comstock/06p!ubsn (CH:UBSN 15.55, +0.34, +2.24%) clients demanded by U.S. authorities

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