February 19, 2009
UBS, the largest bank in Switzerland, agreed on Wednesday to divulge the names of well-heeled Americans whom the authorities suspect of using offshore accounts at the bank to evade taxes. The bank admitted conspiring to defraud the Internal Revenue Service and agreed to pay $780 million to settle a sweeping federal investigation into its activities.
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February 19, 2009
UK – National debt is already at levels not seen since the late 1970’s, hitting £703.4bn in January or 47.8pc of GDP, according to the ONS figures.
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