Denmark fines German bank 110 million Danish crowns in dividend stripping tax scam

By Reuters

Published on 23/09/2019 - 15:34•Updated 19/04/2024 - 21:11

COPENHAGEN (Reuters) - A court in Denmark has fined Germany's North Channel Bank 110 million Danish crowns (13 million pounds) for tax fraud against the Danish state.

The bank facilitated fraudulent dividend tax payments worth 1.1 million crowns, the Danish state prosecutor said in a statement.

(Reporting by Jacob Gronholt-Pedersen; Editing by Catherine Evans)

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