“A French banking watchdog said on Wednesday that it fined the French branch of UBS, Switzerland’s largest bank, ten million euros for helping hundreds of well-heeled clients stash money away in undeclared Swiss accounts. The bank immediately hit back in a statement, protesting that the fine, about $13 million, was disproportionate. The issue jumped back to the top of the government’s agenda in the wake of a scandal surrounding the former budget minister Jérôme Cahuzac, who in April was himself placed under investigation for tax fraud. His role as budget minister included tackling tax evasion.”
http://www.thelocal.ch/20130626/french-banking-watchdog-levies-fine-against-ubs
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Sudan government shuts down local TEDx conference
Russian Advanced Weapons for Syria: Unrevealed Secrets
Americans' sense of freedom drops below Paraguay, Rwanda
Declassified intelligence reveals U.S.-India Cold War cooperation on U2 spy missions
Texas Man Transporting His Unloaded Firearms Through NJ Now Doing 3-5 Years in Prison
Bitcoins Seized By DEA
UK’s secret Mid-East internet surveillance base is revealed in Edward Snowden leaks
Paul Craig Roberts: What Is The Government’s Agenda?
Google's Vint Cerf warns of 'digital Dark Age'
Germany, France, Spain collaborate with Britain in mass surveillance
Overpicking threatens Greek herbs
Peter Schiff: Tapering the Taper Talk
Feds Shake Down Farmer For Free Raisins
Washington, Colorado have few ways to stop carry-on weed
Drones For Safe Passage? 'Why Not?' Ald. Cardenas Asks