US Demands UBS Cough Up 50K Tax Cheat Clients

The Justice Department has stunned UBS with a demand for the names of 52,000 clients believed to be American tax dodgers, reports the Wall Street Journal. The Swiss bank had expected to be asked for 20,000 names, but a court filing yesterday stated that an IRS investigator had uncovered an internal bank document referring to 52,000 secret American account holders with assets of around $15 billion. (More tax evasion stories.)