French Tax Fraud : Swiss Bank UBS Fined 3.7bn Euros

📆 2/20/2019 6:13 PM
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A French court handed Swiss bank UBS a 3.7-billion-euro (4.2-billion-dollar) fine Wednesday for illegally soliciting business and laundering the proceeds of tax evasion. Prosecutors had accused the bank of holding up to 10.6 billion euros in accounts opened in Switzerland for French taxpayers, allowing them to avoid income tax and other taxes. The bank’s offences, […]

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