
“During the first six months of the year, the Liechtensteinische Landesbank (LLB Vaduz) saw its net profit plunge 77 percent to 13.6 million Swiss francs ($14.7 million), the bank said in its earnings statement. The bank said late last month that it had agreed to pay $23.8 million to American tax authorities, which in turn would refrain from any legal actions against the bank. On Thursday, it said it had set aside further provisions amounting to 31.2 million francs ‘for a possible outflow of assets in connection with payments to the US authorities.'”
http://www.thelocal.ch/20130829/us-tax-deal-hits-liechtenstein-bank-profits
Related posts:
Cops Strip Search Mom, "Forcibly" Pull Tampon Out of Her for Stop Sign Roll
Mass escape from Brazilian prison after women seduce guards
Native Hawaiians to Feds: Give Us Back Our Kingdom
Hank the cat is running for U.S. Senate
BitPay Drives Explosive Growth in Bitcoin Commerce
Bitcoin developers offer $10,000 virtual bounty to fix mystery Mac bug
Credit card donations to WikiLeaks once again flowing through Iceland
Russian ‘mobile malware’ industry could spread to other countries
Native tribes debate entering legal pot business
Mao Zedong’s grand-daughter worth more than $815 million
State seizes 11-year-old, arrests his mother for defending medical marijuana
Mortgage Banks Meet With Danish Government on Negative Rates
Australian public programming questions value of reading to children
77,000 Foreign Banks To Share Account Info With IRS
Ranch House Near Reno is a Thriving Tax Haven, and It’s Not Alone