US EditionMorgan Stanley Denies Dutch Prosecutor’s Tax Evasion Allegations
7 Articles
7 Articles
Dividend fraud: A now defunct department of ABN Amro allegedly helped Morgan Stanley strip dividends. The American bank is…
ABN Amro is paying 14 million euros for a long-running issue involving wrongly paid dividend tax. The bank helped a large foreign bank to evade taxes through share shifting (dividend stripping). The case is a legacy of Fortis Nederland, a legal predecessor of ABN Amro. Four years ago, ABN Amro reported that the judiciary had started an investigation into dividend stripping in the years 2009 to 2013. In this case, Fortis carried out transactions …
ABN Amro will pay a fine of €14 million for its involvement in a controversial dividend construction from the period between 2010 and 2013. This was reported by the Public Prosecution Service. The bank, via its legal predecessor Fortis, helped set up a structure with which a subsidiary of Morgan Stanley received €124 million in dividend tax back on paper, while the bank was not entitled to it. The Public Prosecution Service wants to take the maj…
Morgan Stanley charged in €124M dividend tax evasion scheme; ABN Amro admits complicity
Prosecutors in the Netherlands will file charges against Morgan Stanley and one of its employees on suspicion of an illegal dividend tax scheme that saw the foreign bank's subsidiary evade 124 million euro in taxes over several years. Though the Public Prosecution Service (OM) did not identify the American bank, it was revealed by Follow The Money after a review of Morgan Stanley’s investor statements. ABN Amro has settled its role in the case w…
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