Deutsche Bank's Swiss Unit to Pay $31 Million in Tax Case
- U.S. has reached non-prosecution deals with 57 Swiss banks
- Firms have paid a total of $570.4 million in tax accords
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Deutsche Bank AG’s Swiss unit agreed to pay $31 million to receive a non-prosecution agreement in a U.S. probe of banks in Switzerland that helped Americans evade taxes.
The accord announced Tuesday by the Justice Department is the third-largest of 57 reached this year with Swiss banks. The firms, which must disclose how they helped U.S. taxpayers cheat the Internal Revenue Service, have paid a total of $570.4 million.