(Bloomberg) -- UBS Group AG has ended a legal fight with the Internal Revenue Service, agreeing to hand over records on a U.S. client’s account in Singapore as American authorities seek to move beyond Switzerland in their fight against offshore tax evasion.
The IRS on Feb. 23 asked a federal judge in Miami to force UBS, the largest Swiss bank, to produce documents on Ching-Ye Hsiaw, who lives in China. UBS reached an agreement with the IRS last month and has handed over all the records sought by the U.S., according to a court filing.
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