UBS argues that the evidence presented in court was insufficient to establish guilt. Keystone / Sebastian Gollnow Switzerland’s largest bank, UBS, has announced that it will appeal again against a fine imposed by a French court for tax evasion offences. This content was published on December 20, 2021 – 18:04 December 20, 2021 – 6:04 […]
Legal hassles escalated to UBS Group AG UBS and its French unit UBS France SA, regarding the bank’s cross-border business activities in France between 2004 and 2012. A court of appeal in France ordered the Swiss bank to pay a fine of 3.75 million euros for solicitation illegal and laundering of tax evasion income from […]
The success of a new satellite campaign to unearth French property owners who evade their tax obligations by failing to declare property improvements will determine whether a hitherto rock-solid ban on the use of low-altitude drones to throw a peek into the affairs of private citizens is added to this mix of spy tools. It’s […]
UBS Group AG has enough capital to absorb a potential fine of several billion euros in its ongoing tax evasion case in France, analysts say. Swiss bank appeals a 4.5 billion euros fine imposed on in 2019 by a French court of first instance which found him guilty of complicity in tax evasion, claiming that […]
The French tax insurance space is expanding Transact is one of the few insurers located on the European continent and they have a strong presence in Benelux and France. They have seen a significant increase in the French Guarantee and Indemnity (W&I) and Tax Liability Insurance (TLI) market over the past few years. Dean: Can […]
Google has been fined half a million euros by the French competition authority and could face additional daily fines of € 900,000 until a resolution is implemented. On Tuesday, July 13, 2021, the French competition authority fined Google 500 million euros, equivalent to $ 593 million, for failing to negotiate in good faith with publishers […]
Enlarge / Google Headquarters. French news sites prevailed in negotiations with Google on “neighboring rights”, a new legal right granted by the European copyright directive of 2019. An agreement between Google and the news industry French “establishes a framework within which Google will negotiate individual license agreements” with individual news organizations, according to Google. As […]
Google (NASDAQ: GOOGL) has been order by the French Competition Authority (ACF) in order to financially compensate French publishing houses and press agencies for the use of their content. This development marks an aberration for the search juggernaut which has, until now, largely avoided direct content agreements. The French Competition Authority said in a statement: […]
French authorities have urged taxpayers to remain vigilant after the shutdown of a bogus website set up to hack the data of people trying to settle their property tax or housing tax bills. The bogus site was so convincing that it prompted Finances Publiques to issue a warning on social networks: “A fraudulent tax-free.gouv.app site […]
PARIS: US Internet giant Google has reached an agreement worth a total of 945 million euros ($ 1.0 billion) to end a tax dispute in France under an agreement announced Thursday in court. The company will pay a fine of 500 million euros for tax evasion, as well as an additional 465 million euros to […]
Google has agreed to pay nearly 1 billion euros ($1.1 billion) to settle a French tax dispute. The amount includes €465m in underpaid taxes and a fine of €500m. Google said in a statement that it “agreed” to pay the tax… Reuters reports. Google announced on Thursday that it had agreed to pay 465 million […]
PARIS — Google is paying more than $ 1 billion in fines and back taxes to settle two tax disputes in France, where it has faced years of investigations into whether it has correctly reported all its activities in the country. The French financial prosecutor said on Thursday that a court had approved a 500 […]
Through Pascal Luquet, Mickaël Duquenne, & Paul Bufort, Grant Thornton Law Firm, Neuilly-Sur-Seine, France Google has just won a new battle against the French tax authorities. On April 25, the Paris Administrative Court of Appeal confirmed that Google Ireland had no permanent establishment in France from 2005 to 2010. Google was not taxable in France […]
UBS has been fined a record 3.7 billion euros and ordered to pay 800 million euros in damages in France after a judge found the Swiss bank guilty of helping wealthy clients to escape paying tax. After a six-week trial, the French court found that UBS unlawfully laundered the proceeds of tax evasion and violated […]
The scion of Franco-American artistic dynasty Guy Wildenstein has been cleared of French authorities for hiding paintings and properties worth hundreds of millions of euros after one of the biggest tax evasion trials ever staged in the country. State prosecutors had wanted the 71-year-old to be sentenced to two years in prison and fined 250m […]
PARIS – The French headquarters of McDonald’s has been raided by financial investigators, the latest salvo in a campaign by the government of President François Hollande to force multinationals to pay more taxes. A police official, who could not be named under departmental policy, said Thursday that documents were removed during the May 18 search. […]
The new year may have begun, but an old trend seems to refuse to go out of style: big names in the luxury industry breaking the law for alleged tax evasion. The final high profile name in question is Karl Lagerfeld. French authorities announced on Thursday that the Chanel designer was the subject of a […]