Investigators visit UBS Paris HQ

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French judicial authorities probing bank UBS over allegations it illegally sold products designed to avoid French taxes visited the bank's Paris headquarters on Wednesday, a UBS spokesman said.

EU plans to tighten corporate tax loophole

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The European Union (EU) plans to close a loophole that allows companies to slash their tax bills by setting up offices in softer tax regimes, amid rising anger over the practices of multinationals such as Google, Amazon and Starbucks.