Former UBS executive sues over lost bonus
‘Free punt’ tax break has a sad ending for Steven White after he invested £40,000 in a movie investment scheme
24 February 2021 - 15:29
London — A former UBS Group executive is suing the bank after saying he was invited to invest in a “free punt” movie tax-break scheme that was eventually investigated by UK authorities.
Steven White, who was the bank’s global head of HR services, is seeking damages from UBS after investing £40,000 in the Ingenious film investment scheme that has been labelled as tax avoidance by the UK White, who said he could not afford to gamble with his money, is among hundreds of individuals now suing the bank in London...
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