Switzerland’s Banque Pictet admits hiding billions from US tax authorities

Switzerland’s Banque Pictet admits hiding billions from US tax authorities

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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 Justice Department, federal prosecutors said on Monday. According to prosecutors, U.S.…

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