• 09/22/2024

UBS Spared $2B in Penalties

Wall Street Journal

UBS Group won’t have to pay around $2B after the French Supreme Court partly overturned a previous court decision, but confirmed a ruling that the bank had helped wealthy clients in France evade taxes.

https://www.wsj.com/articles/ubs-spared-2-bln-in-penalties-after-french-supreme-court-calls-for-new-trial-in-tax-case-a7e76bc4