French tax

The fine for French tax evasion of the UBS group (UBS) reduced to 3.75 million euros

Legal hassles escalated to UBS Group AG UBS and its French unit UBS France SA, regarding the bank’s cross-border business activities in France between 2004 and 2012. A court of appeal in France ordered the Swiss bank to pay a fine of 3.75 million euros for solicitation illegal and laundering of tax evasion income from […]

French tax

UBS verdict postponed in € 4.5 billion French tax case | Invest News

PARIS (Reuters) – French judges on Monday deferred a ruling on UBS’s appeal against a historic fine on Monday to December 13, in a case in which the Swiss bank disputed claims it helped high net worth clients hide assets not declared abroad. The judges said the decision had to be delayed due to the […]

French tax

The Picasso family donates works of art to pay French tax

Published on: 09/20/2021 – 6:24 PMAmended: 09/20/2021 – 6:22 PM One of Picasso’s daughters gave eight of his works and a book of drawings to the French state as inheritance rights in a ceremony on Monday. Six paintings and two statues of the Spanish master were donated to the Picasso Museum in Paris by his […]

French tax

The Picasso family hands over works of art to pay French tax

One of Picasso’s daughters donated eight works of art and a book of drawings to the French state on Monday in lieu of paying inheritance tax. Six paintings and two statues by the Spanish master were donated to the Picasso public museum in Paris by his daughter, Maya Ruiz-Picasso. The works include The child with […]

French market

Orange concludes a secure cloud pact for the French market

Orange has signed an agreement with the IT and consulting company Capgemini to create a cloud platform designed to meet the strict security requirements set by the French state. Bleu aims to provide services to public and private institutions processing sensitive data throughout France. The pair will also work with Microsoft on the offer. In […]

French tax

UBS verdict still in a few months in a French tax case of 4.5 billion euros

PARIS, March 24 (Reuters) – French judges are due to rule in September on Swiss bank UBS’s late appeal against a heavy fine for allegedly helping wealthy clients hide undeclared assets abroad. UBS is seeking to overturn a 2019 French court ruling in which it was found guilty of unlawful solicitation of clients at sporting […]

French tax

UBS faces at least $ 3.6 billion in penalties in French tax lawsuit

FILE PHOTO: The logo of Swiss bank UBS is seen at its headquarters, as the spread of coronavirus disease (COVID-19) continues, in Zurich, Switzerland on February 17, 2021. REUTERS / Arnd Wiegmann PARIS, Reuters The French state is also seeking € 1 billion in damages, the court said in a statement – raising the potential […]