for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

Swiss Life Holding to pay more than $77 mln after hiding U.S. taxpayers' assets

WASHINGTON, May 14 (Reuters) - Swiss Life Holding AG and three of its subsidiaries agreed to more than $77 million after admitting to a conspiracy to hide U.S. taxpayers’ assets and income in offshore accounts, the U.S. Department of Justice said.

The department, in a statement on Friday, said it was charging Switzerland’s largest life insurance company with conspiring to conceal more than $1.452 billion from the U.S. Internal Revenue Service. (Reporting by Susan Heavey)

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up