Swiss Migros Bank Settles German Tax Evasion Charges

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Thursday, April 29, 2021
Author: 
Bruce Zagaris
Volume: 
37
Issue: 
5
Abstract: 

On April 26, 2021, Switzerland’s Migros Bank announced it has agreed to enter into a settlement with German prosecutors to pay $2.9 million to resolve allegations it permitted and helped German taxpayers to conceal assets from the German tax authorities.[1]



[1]    Michael Shields and Louise heavens, Swiss Migros Bank settles German charges it aided tax dodgers, Reuters, Apr. 26, 2021.