Investment bank UBS is negotiating with the US Department of Justice and the
Securities and Exchange Commission following alleged breaches by its offshore
According to a report on
a deal with the two authorities would signal a fresh start for shareholders and
‘burnish the reputation’ of Peter Kurer, its new chairman.
While Kurer is yet to publicly declare when a solution is likely, the bank is
said to be under increasing pressure from Swiss governance on banking secrecy.
The US authorities are currently seeking data on the bank’s 19, 000 offshore
The Swiss bank is looking to settle the allegations before its next
shareholders meeting, scheduled for 2 October.
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
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