UBS's $6 Billion Gamble in France Tax Case: Deal or No Deal?
- Other multinationals facing probes await Wednesday’s ruling
- A huge fine will make others more keen to settle, lawyers say
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It’s UBS Group AG’s $6 billion gamble, but the risk extends far.
The Swiss lender eschewed a settlement in a French tax investigation after failing to agree on an amount, exposing it to in-court demands from the state and prosecutors that Paris judges impose as much as 5.3 billion euros ($6 billion) in fines and damages for lost revenue.