Tax
Credit Suisse Scoffs At Reports Italian Authorities Seeking Data; Says Case Is Closed
The bank has responded to a media report claiming that Italian tax authorities are seeking client data.
Credit Suisse
has brushed off media reports that Italian tax authorities are
seeking client data in the wake of the Zurich-listed bank’s
agreement with officials last year.
A media report by Swiss news-wire AWP reported that
Guardia di Finanza is demanding that its Swiss opposite number
must hand over information on Italians with almost 10,000 clients
at the bank. The request for legal aid arises from a probe by
Milan’s prosecutor, the report said.
Last year, Switzerland’s second-largest bank reached an agreement
of almost €100 million ($116 million) with Italian
prosecutors.
This publication contacted the bank and in a statement, it said:
“On December 14, 2016, the competent Italian judge approved the
agreement entered into by Credit Suisse AG and the Italian
authorities in October, 2016. The court approval marked the end
of the investigation by Italian authorities into Credit Suisse
AG's Italian cross-border business for the period from 2008 to
2015. Credit Suisse considers the investigation by the Italian
authorities into Credit Suisse’s cross-border business as
closed.”