UBS Clients Go to IRS to Settle Swiss Account Taxes

Lawrence Horn, Co-Chair of the Firm’s Tax and Business Crimes White Collar Criminal Defense Practice Group, was interviewed for a Bloomberg article on UBS AG’s wealthy U.S. clients who are settling tax liabilities with the IRS before the bank’s possible disclosure of their names to the U.S. government. According to Horn, “We’re starting to get phone calls from U.S. citizens who say, ‘When these names get handed over, I’m in trouble.” “One has reason to believe there will be public officials, entertainers and athletes on these lists,” he continued.