French tax

UBS ignored whistleblower warnings in French tax case: ruling

PARIS (Reuters) – UBS has been repeatedly warned over a period of at least six years that its French private bank was at risk of breaking local tax laws, according to the judgment written in a case where the Swiss bank is facing 4 .5 billion euros ($5.10 billion) penalty. FILE PHOTO: The logo of […]

French tax

UBS to appeal after 4.5 billion euro fine in French tax evasion case

By Inti Landauro, Emmanuel Jarry PARIS (Reuters) – A French court has found Swiss bank UBS AG guilty of unlawful solicitation of clients and laundering the proceeds of tax evasion, ordering it to pay 4.5 billion euros ($5.1 billion ) fines. Shares of the Swiss bank fell 3.2% after Wednesday’s decision. UBS, which has denied […]

French tax

UBS hit with 4.5 billion euro fine in French tax evasion ruling

UBS has been fined a record 3.7 billion euros and ordered to pay 800 million euros in damages in France after a judge found the Swiss bank guilty of helping wealthy clients to escape paying tax. After a six-week trial, the French court found that UBS unlawfully laundered the proceeds of tax evasion and violated […]

French tax

UBS avoids $6 billion settlement in French tax investigation

That’s UBS Group AG’s $6 billion gamble, but the risk stretches far. The Swiss lender avoided a settlement in a French tax investigation after it failed to agree on an amount, exposing it to legal claims from the state and prosecutors. Paris judges are imposing up to 5.3 billion euros ($6 billion) in fines and […]

French news

Macron under fire after trying to raid French media outlet Mediapart

Mediapart refuse the search on the grounds that the officers did not have a warrant, and he complained that the attempt was a politically motivated effort to uncover his sources. “This raid is both illegal and violent,” Edwy Plenel, editor-in-chief of Mediapart, said in an interview. “It is an abuse of power, which violates the […]

French tax

Apple agrees to pay 500 million euros to end 10 years of tax battle in France

Apple has settled a decade-long tax battle with France, agreeing to pay half a billion euros ($570 million) in back taxes. The French government had accused Apple of evading or avoiding the tax due on sales made in France… The line between tax evasion, which is illegal, and aggressive tax evasion, which is legal, can […]