TAX EVASION THE SWISS WAY

I guess money talks pretty loudly in Switzerland, certainly louder than justice.

Swiss Government Says It Would Seize UBS Data Sought by U.S.
By David Voreacos and Mort Lucoff

July 8 (Bloomberg) -- Switzerland said it would seize UBS AG data to prevent the U.S. Justice Department from pursuing a U.S. court order seeking the identities of 52,000 American account holders in a crackdown on tax evaders.

The assertion came in court papers yesterday in federal court in Miami, where the Justice Department sued UBS on Feb. 19, a day after the bank avoided U.S. prosecution for helping wealthy Americans evade taxes. The U.S. effort to enforce a summons seeking the names would force UBS to violate Swiss laws barring disclosure of such data, the filing said.