abusesaffiliationarrow-downarrow-leftarrow-rightarrow-upattack-typeblueskyburgerchevron-downchevron-leftchevron-rightchevron-upClock iconclosedeletedevelopment-povertydiscriminationdollardownloademailenvironmentexternal-linkfacebookfilterflaggenderglobeglobegroupshealthC4067174-3DD9-4B9E-AD64-284FDAAE6338@1xinformation-outlineinformationinstagraminvestment-trade-globalisationissueslabourlanguagesShapeCombined Shapeline, chart, up, arrow, graphLinkedInlocationmap-pinminusnewsorganisationotheroverviewpluspreviewArtboard 185profilerefreshIconnewssearchsecurityPathStock downStock steadyStock uptagticktooltiptwitteruniversalitywebwhatsappxIcons / Social / YouTube
Article

18 Apr 2013

Author:
Gerard Bon & Lionel Laurent, Reuters

French tax probe eyes 353 prospective UBS clients: source

France has contacted Swiss authorities for help in determining whether 353 prospective UBS clients in France have undeclared assets in Switzerland...as part of an ongoing French probe into UBS's business practices and whether the bank offered illicit products that would avoid tax...Le Monde said the French Budget Ministry confirmed the existence of the probe and said 850 million euros ($1.1 billion) were at stake...UBS France's head, Jean-Frederic de Leusse, told the newspaper the bank was cooperating fully with the authorities...UBS is still being probed by the French judiciary over whether it offered potential French clients investments that were allegedly designed to cheat the taxman. Three UBS France executives are being investigated as part of the probe, a judicial source told Reuters.

Privacy information

This site uses cookies and other web storage technologies. You can set your privacy choices below. Changes will take effect immediately.

For more information on our use of web storage, please refer to our Data Usage and Cookies Policy

Strictly necessary storage

ON
OFF

Necessary storage enables core site functionality. This site cannot function without it, so it can only be disabled by changing settings in your browser.

Analytics cookie

ON
OFF

When you access our website we use Google Analytics to collect information on your visit. Accepting this cookie will allow us to understand more details about your journey, and improve how we surface information. All analytics information is anonymous and we do not use it to identify you. Google provides a Google Analytics opt-out add on for all popular browsers.

Promotional cookies

ON
OFF

We share news and updates on business and human rights through third party platforms, including social media and search engines. These cookies help us to understand the performance of these promotions.

Your privacy choices for this site

This site uses cookies and other web storage technologies to enhance your experience beyond necessary core functionality.