
“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:
Ron Paul Discusses His New Channel And The NSA Spying Program
Myanmar Foreign Investment Reaches $42 Billion From 32 Countries; $423 Million In June
Artist Gregory Kloehn turns $1,000 dumpster into tiny home
Why Do Americans Stay When Their Town Has No Future?
Over 1,000 flee homes in south Mexico over violence
Enforcement of immigration laws could be making human trafficking tougher to detect
U.S. tax deal jeopardizes Canadians’ privacy
Chelsea Clinton’s $10M digs at Madison Square
Kanye West Sues: STOP USING MY FACE ... On Virtual Currency
Lasers reveal lost Mayan civilization of 'unimaginable scale'
Thieves Loot Venezuela’s Reeling Oil Giant While Workers Flee
Home Depot Co-Founder: We Should Throw Edward Snowden a Party - We Ought to Be Grateful
Snooping Fears: German Firms Race to Shield Secrets
The Undemocratic Spread of Big Brother
Justin Amash vs Former NSA Head General Michael Hayden 8/4/13