Zurich Life, Zurich Int'l Life to pay US$5.1m to U.S. gov't in 'undeclared accounts' agreement

Zurich Life Insurance Company Ltd., headquartered in Zurich, Switzerland, and Isle of Man-based Zurich International Life Ltd. have agreed a deal with the U.S. Justice Department that will see the entities pay a collective penalty of US$5.1m, in return for the Justice Department's agreeing not to prosecute them in connection with certain "tax-related criminal offenses" having to do with some of their U.S. tax-paying clients.

  • Tax
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Opinion

A renounced ‘accidental’ replies to UK gov’t’s Stride: ‘It’s not that we’re not British, we are – but we're also not really American'

A renounced ‘accidental’ replies to UK gov’t’s Stride: ‘It’s not that we’re not British, we are – but we're also not really American'

Last week, it was revealed that British Labour MP Preet Kaur Gill had received her second formulaic and non-committal response in two months to specific questions she had asked the...

Feb-19-2019