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The U.S. and Swiss governments and banking giant UBS AG indicate they were seeking a settlement and asked a federal judge to delay high-stakes hearings on the Internal Revenue Service's effort to identify thousands of suspected American tax evaders.
The one-page motion, filed in Miami on Sunday less than 24 hours before the hearings were to begin Monday, said postponement is needed "to allow the two governments to continue their discussions seeking a resolution of this matter."
Unless a deal is reached beforehand, the filing asks that the hearing be rescheduled for Aug. 3.
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