UBS Faces €83M Fine In German Tax Evasion Probe

Law360, London (May 8, 2019, 12:54 PM BST) -- The German subsidiary of Swiss investment giant UBS Group AG faces a fine of €83 million ($93 million) for allegedly helping clients to evade taxes, prosecutors in Germany have said.

UBS Europe SE, the German subsidiary of UBS Group AG, faces an  €83 million ($93 million) fine for allegedly helping clients evade taxes. (AP) The public prosecutor’s office in the city of Mannheim said on Tuesday that it has applied to a district court seeking a corporate fine on UBS Europe SE, which was previously called UBS Deutschland AG. Prosecutors allege that managers at UBS Deutschland cooperated with their counterparts at the...

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