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Aggravated tax fraud laundering: New search at General Electric in Belfort

04/09/2023
Source : ORISHAS FINANCE
Categories: Sectors

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The General Electric site in Belfort was searched again on August 29 as part of an investigation opened by the National Financial Prosecutor's Office. He is suspected of laundering and aggravated tax evasion

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The Intersyndicale has been trying to highlight the transfer prices and excessive margins of Swiss intermediaries for the past five years. Philippe Petitcolin, CFE-CGC delegate, indicated that “the group has set up entities without economic substances in Switzerland to which we sell our products with very low margins, while they resell them to the end customer with much higher margins.” The Social and Economic Committee (CSE) as well as the inter-syndical association at the Belfort site carried out accounting expertise, through which they identified abusive transfer prices over the past five years

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