YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
A major Swiss bank has admitted to hiding $5.6 billion from the IRS on behalf of U.S. clients.
Banque Pictet, the private banking division of Pictet Group, agreed to pay $122.9 million in restitution and penalties.
Between 2008 and 2014, the bank helped U.S. clients evade some $50.6 million in American taxes, according to the Department of Justice.
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