Up to date Nov. 15, 2023 11:13 am ET
UBS Group received’t need to pay round $2 billion after the French Supreme Court docket partly overturned a choice from a decrease court docket that had fined the financial institution in a long-running tax-fraud case, however confirmed a ruling that the financial institution had helped rich shoppers in France evade taxes.
The most recent ruling, introduced Wednesday by the Supreme Court docket, successfully rescinds the monetary penalties imposed on UBS in December 2021.
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