Swiss unit of Deutsche Bank will pay $31 million in tax case

Moscow. November 25. The Swiss subsidiary of Deutsche Bank AG will pay $31 million to avoid prosecution from the U.S. government’s assistance to Americans in tax evasion, Bloomberg reported.

In a statement released Wednesday, Deutsche Bank admitted that between August 2008 and August 2013, “has provided an opportunity for some of us taxpayers to evade taxes and to avoid implementation of the obligations”.

The U.S. justice Department has reached already 57 such agreements with Swiss banks in 2015, and the amount paid out by Deutsche Bank, is the third largest of the amounts spent by Swiss FIS for the settlement of similar claims.

In total, Swiss banks paid about $570,4 million to settle charges by the us authorities in assisting U.S. citizens in tax evasion.