A French court on Wednesday found Swiss bank UBS AG guilty of illegally soliciting clients in France and laundering the proceeds of tax evasion, and ordered it to pay 4.5 billion euros ($5.10 billion) in penalties. Shares in UBS fell 2 percent. A lawyer for UBS said the bank would appeal the ruling. The penalties, […]

A Sydney multi-millionaire who brought the Krispy Kreme donut franchise to Australia could face up to 10 years in jail if proven guilty of dodging $30million in tax by concealing it in Jersey. 76-year-old businessman John Kinghorn was charged this week of defrauding the Commonwealth along with an additional count of deceiving a Commonwealth public […]

Barcelona superstar Lionel Messi has been given a 21-month jail sentence for tax evasion – but is unlikely to go to prison. Messi and his father, Jorge, have received the same sentence but under Spanish law a prison sentence under two years for a first-time non-violent crime can be served on probation, meaning they are […]

Following the tax fraud trial expected to last six months, Spain’s Princess Cristina could face up to eight years in prison if a three-member panel of judges agrees the couple abused a real estate consulting firm described in court papers as a “front company” to bankroll a lavish lifestyle — including parties at their modernist […]