Biggest Swiss bank UBS charged with ‘serious’ fiscal fraud in Belgium!

Belgian governement is desperatly looking for money, for their bottomless pit.

A statement from prosecutors said: "The Swiss bank is suspected of having directly, and not via its Belgian subsidiary, approached Belgian clients to convince them to set up constructions aimed at evading taxes."

UBS has not yet commented on the move.

The development is the latest in a series of investigations into malpractice by banks.

The statement said the charges came after "excellent" help from French authorities, who had been looking at allegations that UBS had been encouraging clients to open accounts in Switzerland to avoid tax between the years 2004-12.

[link to www.bbc.com]

The US has also been looking into whether the bank allowed its US customers to hide their wealth from the Internal Revenue Service (IRS) to avoid paying full tax.

In 2014, Belgian police carried out raids both at the bank and at the homes of UBS Belgium chief executive Marcel Bruehwiler and a client.



Maybe bankers cartel wants to ged rid of UBS, looks like a little bank war.

One day swiss people will give up their superiority complex and finally see their country for what it really is..
The biggest money laundering outlet in the world.

Helping clients to avoid taxes is good.