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June 15, 2010

AFP: Swiss parly passes UBS deal

By Spear's

ZURICH Switzerland’s lower house of parliament on Tuesday passed a deal with the United States settling US tax evasion litigation against Swiss banking giant UBS, sealing overall parliamentary endorsement.

ZURICH — Switzerland’s lower house of parliament on Tuesday passed a deal with the United States settling US tax evasion litigation against Swiss banking giant UBS, sealing overall parliamentary endorsement.

The motion in the National Council was approved by 81 votes to 61. Fifty- three Swiss lawmakers abstained.

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