Basler KB to pay $60.4 million to settle U.S. tax dispute

Basler Kantonalbank said on Tuesday it had settled a long-standing tax dispute with the U.S. Justice Department and will pay $60.4 million in penalties, less than the 100 million Swiss francs ($100 million) it had set aside for the purpose.

from Reuters: U.S. https://ift.tt/2ofjzXw