A logo of a Swiss Life Holding AG store in Bern, Switzerland. Photo: Gianluca Colla/Bloomberg Swiss Life Agrees to Pay $77M to Government in Settlement of Criminal Tax Evasion Case
Switzerland's largest insurance company was also working with investigators amid an ongoing investigation, and agreed to take "remedial" measures to ensure future compliance with U.S. tax law, prosecutors said.
May 14, 2021 at 01:41 PM
3 minute read
Switzerland's largest insurance company and its three subsidiaries are cooperating with federal investigators to identify thousands of U.S. taxpayers they assisted in hiding more than $1.4 billion from the Internal Revenue Service, the Manhattan U.S. Attorney's Office announced on Friday.
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