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09.12.2019 / Daily Mail

Daily Maily - 09.12.2019

Swiss banking scandal could see UK taxman miss out on billions

The taxman could miss out on a windfall of nearly £2 billion due to around 200,000 investors failing to make claims from a long-running Swiss banking scandal, lawyers have warned.

In 2012 Swiss courts ruled that banks in the country had been unlawfully charging hidden fees on savers and ordered them to return the cash, in echoes of the UK’s PPI scandal.

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