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Monday, Oct 18, 2021
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US charges Swiss finance firm and six people with tax evasion

US charges Swiss finance firm and six people with tax evasion

Six people and a Swiss financial services firm have been charged in the United States with helping clients evade taxes on $60 million (CHF56 million) of assets.
They are accused of setting up an elaborate scheme, known as the “Singapore Solution”, to funnel money out of Switzerland, through structures in Hong Kong and Singapore, and back into Swiss bank accounts.
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