Swiss officials instead hope to negotiate new tax laws that would fix current United States tax problems in the future. Swizterland and the United States hope to begin negotiating a new treaty on Tuesday that would allow for information disclosure, since the current treaty from 1996 doesn’t require such disclosures.

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The Justice Department has said, however, that it is not going to drop the case against UBS and the Americans using it. However, Swiss officials have said that a new treaty may “fall apart” unless the UBS case is dropped.

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Switzerland Asks US to Drop UBS Case