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Canadian Tax Agency and UBS to Meet

August 21, 2009

By Rachel Brown

Rachel Brown is a contributor to the Task Force on Financial Integrity & Economic Development blog, who has spent much time researching corruption in Kenya and Guatemala. She holds a degree in International Relations from Tufts University.

Demonstrating the ripples that have been caused by the U.S.-UBS case, Bloomberg has printed an article that reports that UBS will meet with the Canadian tax agency in order “to determine how much Canadian money is held offshore by the Swiss bank.”  The article provides further detail, that, “Lawyers for the Canada Revenue Agency will meet with the Swiss bank in September, the Globe said, citing Minister of National Revenue Jean-Pierre Blackburn.”

This will be an important conversation to keep an eye on and provides a welcome sign that the impact of the U.S.-UBS case will not be limited to the 4,450 names to be handed over.

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Disclaimer: Unless specifically stated to be the views of the Task Force, the opinions expressed on this blog are solely the opinions of the individual blogger and are not necessarily those of the Task Force on Financial Integrity & Economic Development.

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