Aid to tax evasion – UBS comes off lightly davonDas regional court in Mannheim, the Swiss Bank is buzzing with a penalty payment of four million euros – it would, however, be able to get a lot worse. 1 Kommentar1Man was pleased with the decision of the district court and the conclusion of the proceedings, informed the Swiss Bank. Keystone
The UBS, has come in Germany in a criminal case for aiding tax evasion with a blue eye. The German subsidiary of UBS Europe SE, headquartered in Frankfurt must make a payment of 4 million euros. Originally the claims were 82 million.
The payment, only the income levy and does not represent any of the buses. The procedure at the district court Mannheim on the imposition of a Corporate fine has been set, informed the public Prosecutor’s office on Wednesday.
As the reason for this is that the income levy is relatively small, called the indictment changed the requirements by now handed down Decisions of some high courts. The previous evidence had confirmed, in principle, that UBS had used a transfer system is not permitted. It was shown, however, that this was not “was originally developed for the purpose of tax evasion”.
The Prosecutor’s office had accused managers of the current UBS Europe SE, in the years 2001 to 2012, clients in tax offences is supported. Together with managers of the Swiss parent company, you would have allows you to of money as a supposed domestic transfer camouflaged on a Bank’s internal clearing transfer account in Switzerland.
joy and gladness
The court had already signaled previously that the conditions for the imposition of a fine is available and that too with a lengthy and complex taking of evidence may not be fundamentally going to change.
The UBS expresses relief about the outcome of the proceedings at the Mannheim court. It was pleased with the decision of the district court and the conclusion of the proceedings, informed the Bank, in a brief opinion.
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