Spain asked UBS for assistance in tax matters

9 years ago - Published in Finance, Fundamental Analysis

UBS said Spain asked Switzerland for help in tax matters on Friday,agency Reuters reported. Similar requests came from France and the Netherlands earlier this year.

Last month, however, the Federal Court has given the green light to the delivery of data to the Netherlands for a UBS Dutch client, disavowing the TAF that was opposed in March.

"Spanish tax authorities have filed a request for international administrative assistance in tax matters with the Swiss Federal Tax Administration," UBS said in a brief statement on its website for the bank's Spanish business.

Switzerland's Federal Tax Administration and Spain's tax authorities declined to comment. News of the request was reported earlier on Friday by Swiss finance website InsideParadeplatz.