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Results
Tax
UBS recognized a net credit for taxation of CHF 297 million in first quarter 2008. This reflects Swiss tax relief related to losses incurred on UBS's exposure in the US mortgage market. These tax benefits were partially offset by tax expenses in locations where UBS was profitable. Furthermore, UBS did not recognize any tax benefits (deferred tax assets) in the US on the substantial losses that it made during first quarter 2008.
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© UBS 1998-2009. All rights reserved.
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Create your own report by searching and selecting articles of our quarterly reports. | | | | | |
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