Piguet Galland Will Pay $15.4 Million in U.S. Tax Settlement

  • Agreement is 43rd under Swiss bank disclosure program
  • Banks have paid combined $380.3 million in penalties

Piguet Galland & Cie SA will pay $15.4 million to avoid prosecution under a U.S. program that requires participating firms in Switzerland to say how they helped American clients dodge taxes.

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