Swiss private bank Banque Pictet has admitted to helping U.S. taxpayers hide more than $5.6 billion from the Internal Revenue Service (IRS) and has entered into a deferred prosecution agreement with the U.S. Department of Justice. As part of the agreement, Banque Pictet has agreed to pay approximately $122.9 million to the US Treasury in back taxes and penalties. The bank's actions involved conspiring with U.S. taxpayers to hide assets and income in offshore accounts between 2008 and 2014. This admission follows an investigation by U.S. tax authorities into the bank's activities.
Swiss bank Banque Pictet admits hiding $5.6 billion of Americans' money from IRS https://t.co/dTFjQxPSGf
Swiss bank Banque Pictet admits hiding $5.6 billion of Americans' money from IRS https://t.co/dTFjQxPSGf
A private Swiss bank will pay $122.9 million in back taxes and penalties after admitting it helped clients hide assets from the IRS between 2008 and 2014. https://t.co/0h3u5HlMHb
Banque Pictet to pay nearly $123 mn over secret bank accounts https://t.co/3s6vcweMJA
Switzerland's Banque Pictet admits hiding billions from US tax authorities https://t.co/He3W0zuLHv https://t.co/3CoCidyayC
Swiss bank Banque Pictet admits hiding $5.6 billion of Americans’ money from IRS https://t.co/nXwFoJvylf
🔸 US DOJ: Swiss Private Bank Banque Pictet Admits to Conspiring with US Taxpayers to Hide Assets and Income in Offshore Accounts 🔸 US DOJ: Banque Pictet Entered into a Deferred Prosecution Agreement and Agreed to Pay Approximately $122.9M to the US Treasury
⚠️ SWITZERLAND'S BANQUE PICTET ADMITS HIDING BILLIONS FROM US TAX AUTHORITIES Swiss private bank Banque Pictet has admitted to helping U.S. taxpayers hide more than $5.6 billion from the Internal Revenue Service (IRS) and has entered into a deferred prosecution agreement with… https://t.co/UeW55CAsJO