Wealth and Asset Management
Swiss Banks Face Withdrawals Due to Tax Clampdown
Wealthy clients in 2016 pulled out almost $30 billion of untaxed assets from three of the world's biggest private banks, UBS, Credit Suisse and Julius Baer, taking advantage of government programs letting them pay tax on undeclared money. With tax amnesty programs in countries like Argentina, Brazil and Indonesia, these…
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Click here to read the full story: Jakarta Globe