[JOHN ADAMS]

The actual agreement between the IRS and the Swiss government is here:
www.irs.gov/pub/irs-drop/us-swiss_government_agreement.pdf

As explained in this Forbes article,

http://www.forbes.com/2009/08/19/ubs-irs-taxes-business-beltway-ubs.html

“The agreement is the latest chapter in a year-long attempt by the IRS to go after tax evaders with Swiss bank accounts at UBS. In February, UBS agreed to pay $780 million to avoid criminal prosecution for its activities in the U.S. promoting the hidden accounts.”

[Alaphiah123]

And who was President in February? and who filed a law suit in February against the Swiss bank for the first time in history? In February, the Department of Justice filed a civil lawsuit against UBS seeking the identities of 52,000 more Americans suspected of stashing a total of $15 billion at the bank. This time, the Swiss were having none of it. Citing bank-client confidentiality guaranteed in the Swiss constitution, Switzerland's government has forbidden UBS from complying. It has also threatened to "take control of the data at UBS" to prevent the bank from handing the accounts over to the Americans. http://www.time.com/time/business/article/0,8599,1910389,00.html So what I posted is indeed factual. Thank you!