Swiss bank helped US taxpayers hide billions ...News

Russia Today - Economy

Banque Pictet used “a variety of means” to help customers evade taxes, prosecutors say A major Swiss bank has admitted to helping American taxpayers and others to hide billions of dollars from the US Internal Revenue Service (IRS), the Department of Justice (DOJ) announced on Monday. According to US prosecutors, Banque Pictet held approximately $5.6 billion in 1,637 accounts for American citizens, helping them avoid paying the IRS about $50.6 million in taxes between 2008 and 2014. The Geneva-based bank, the private banking division of the 218-year-old Pictet Group, has entered into a deferred prosecution agreemen

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Swiss bank helped US taxpayers hide billions ...News

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