Morgan Stanley Fined €101m by Dutch Prosecutor Over Tax Evasion

The Dutch Public Prosecutor’s Office fined two Morgan Stanley companies in London and Amsterdam €101 million ($117 million) for dividend tax evasion, according to a statement.

• Amsterdam-based Morgan Stanley Derivative Products Netherlands filed five corporation tax returns between 2009 and 2013, which offset €124 million ($140 million) in tax relating to a total of €825 million in dividends paid on Dutch shares
• The Public Prosecutor’s Office says that MSDPN had no legal right to do so and holds Morgan Stanley culpable
• Morgan Stanley did not immediately respond to an email seeking comment
• Morgan Stanley denied the allegations regarding tax ...