The bank has denied any wrongdoing. It has so far set aside a tenth of that amount, or 450 million euros, to cover the penalties.
The reduced rate of 36% applies where the individual leaves at least 10% of their net estate, known as ‘the baseline amount’, to charity.
Tax compliance, proper professional planning and the appropriate use of annual allowances are key to navigate any aggressive changes in tax legislation that may be necessary sooner rather than later,
After years in the courts, a resolution has been reached with regards to a court case between an Australian billionaire and longstanding Credit Suisse board member Kai Nargolwala over a luxury hideaway in Thailand.
Ex-banker Jaime Botin, 84, one of Spain's richest men, lost his appeal against paying the staggering amount, claiming he was taking the £22m artwork to Switzerland for safekeeping
Examples of disruptions affecting ICT capabilities include, for example, cyber-attacks and other incidents, technological failures, as well as other malicious and non-malicious events.