U.B.S. has refused a demand from U.S. authorities that it turn over the names of 52,000 American clients, arguing that to do so would be illegal under Swiss banking secrecy laws and would open it to prosecution at home.
Yeah! Switzerland is like a good friend who never betrays your personal confessions; like a neutral graveyard laid between tax-payers and governments; like a tomb-country where you may be dead but the interest rates keep your soul alive. Switzerland is more than a Federal Republic of citizens: it's a clients' democracy.
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