Barclays Investigated By German Tax Authorities

Barclays PLC (NYSE:BCS) (LON:BARC)  is under investigation by Germany’s tax authorities over the use of ‘dividend stripping’ strategy for alleged tax avoidance.

According to German daily Sueddeutsche Zeitung, Barclays PLC (NYSE:BCS) (LON:BARC) avoided taxes up to €280 million  ($367 million/£238 million) per year for 10 years, until 2012 by adopting ‘dividend stripping’ strategy.

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