Swiss insurer admits enabling U.S. tax evasion [Investment Executive - News]
SWISS LIFE HLDG UNSP/ADR (SZLMY)
NASDAQ:AMEX Investor Relations:
swisslife.com/en/investors.html
Company Research
Source: Investment Executive - News
A collection of Swiss insurance companies is paying US$77 million in a deferred prosecution agreement with U.S. authorities to resolve offshore tax evasion allegations. Various subsidiaries of Swiss Life Holding AG — including its units in Liechtenstein, Luxembourg and Singapore — faced allegations that they conspired with U.S. taxpayers to conceal approximately US$1.5 billion in offshore insurance policies from the Internal Revenue Service (IRS). That included more than 1,600 wrapper policies and related investment accounts in banks around the world. According to the complaint against the companies, they launched their efforts to help U.S. taxpayers hide assets and income offshore after U.S. authorities stepped up their enforcement action against Swiss banks. “Certain management and sales personnel within Swiss Life […] viewed these developments as a business opportunity […] by onboarding U.S. clients who were fleeing UBS and other Swiss banks,” the U.S Department of Justice (DoJ)
Show less
Read more
Impact Snapshot
Event Time:
SZLMY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SZLMY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SZLMY alerts
High impacting SWISS LIFE HLDG UNSP/ADR news events
Weekly update
A roundup of the hottest topics