Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.

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

Euronews logo
Text size Aa Aa

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)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on for a limited time.