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About Us & RulesCoutts & Co under investigation for "aiding and abetting tax evasion
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Coutts & Co under investigation for "aiding and abetting tax evasion
by Irn Bru Thu Feb 26, 2015 9:43 pm
Coutts & Co - the Queen's own bank – is being investigated by German authorities for tax evasion.
The German prosecutor is examining the Swiss arm of the 300-year-old private bank for “alleged aiding and abetting of tax evasion by certain Coutts & Co clients”, its parent RBS revealed today.
“Current and former employees” are also being investigated, and the company is “cooperating” with the authorities.
Coutts & Co is also still waiting to hear from the US Department of Justice over unpaid taxes, and a figure is expected to be fixed upon this year.
“Provision has been made for the estimated liability arising from this programme/review,” the group said in a statement.
http://www.cityam.com/210384/coutts-co-under-investigation-aiding-and-abetting-tax-evasion
For heavens sake surely the Queen and the monarchy hasn't been doing a bit of tax evasion as well? Couts is of course the bank of the very very wealthy including the Eton ranks.
God forbid.
The German prosecutor is examining the Swiss arm of the 300-year-old private bank for “alleged aiding and abetting of tax evasion by certain Coutts & Co clients”, its parent RBS revealed today.
“Current and former employees” are also being investigated, and the company is “cooperating” with the authorities.
Coutts & Co is also still waiting to hear from the US Department of Justice over unpaid taxes, and a figure is expected to be fixed upon this year.
“Provision has been made for the estimated liability arising from this programme/review,” the group said in a statement.
http://www.cityam.com/210384/coutts-co-under-investigation-aiding-and-abetting-tax-evasion
For heavens sake surely the Queen and the monarchy hasn't been doing a bit of tax evasion as well? Couts is of course the bank of the very very wealthy including the Eton ranks.
God forbid.
Irn Bru- The Tartan terror. Keeper of the royal sporran. Chief Haggis Hunter
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