What measures should countries take to protect themselves against tax evasion?
An appeal court in Paris has confirmed that Swiss bank UBS is guilty of having assisted French tax evaders – but reduced the penalty from €4.5 billion (CHF4.7 billion) to €1.8 billion.
A former UBS employee-turned whistleblower, whose testimony sparked the French investigation, thinks this sends a mixed message.
Media leaks, such as the Pandora Papers and Panama Papers, suggest that tax evasion and money laundering has not yet been defeated.
Should countries get tougher on banks and other enablers of financial malpractice?
From the article UBS fails to overturn guilty verdict in French tax evasion case
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