Keyword: evasion

UBS says huge French tax fraud case settlement 'unthinkable'

The Swiss banking group could avoid trial over the alleged massive tax evasion it is accused of having helped among its French customers if it agrees to a settlement, but said it could never agree to a write-off of the 1.1 billion-euros it handed over three years ago as a bail bond, which its legal counsel claimed was "not at all the market price".

French tycoons clash over rich tax and rude headline

Baron Rothschild, owner of French daily Libération, defends crude headline attacking LVMH boss Bernard Arnault for seeking Belgian nationality.