Naharnet

Swiss Bank UBS Fined 1.8 Billion Euros over Tax Evasion in French Appeal

A French court fined Swiss bank UBS 1.8 billion euros ($2.0 billion) on Monday on appeal for its role in helping French residents commit tax fraud.

UBS took the fight to the Paris appeals court after being initially hit with a 3.7-billion-euro fine in a 2019 ruling.

Source: Agence France Presse


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