Barclays Investigated By German Tax AuthoritiesMani
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.
The ‘exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email email@example.com and we will get back to you as quick as humanly possible