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This article reports on the move by UBS AG to cite Swiss privacy law in its court filing to stave off the U.S. Internal Revenue Service's (IRS) efforts to gain access to information about U.S. clients. UBS AG submitted its stand in a court filing in Miami, Florida. The U.S. Department of Justice has sued UBS to enforce the summons from IRS on information about the bank's U.S. clients. The details of the case are presented.

The article reports on the protection of UBS AG employees from the U.S. request of information on the identities of its 52,000 account holders as part of the tax-evasion inquiry of the Internal Revenue Service (IRS) under the Swiss law. UBS said that the U.S. ignores the Swiss law and its sovereignty in response to lawsuit it filed against the bank. It added that the request of IRS would require rewriting of tax treaties between the two countries. U.S. authorities noted that U.S. taxpayers used secretive Swiss bank accounts to evade U.S. taxes.