Morgan Stanley Fined by Dutch for Dividend Tax Evasion (Correct)

Morgan Stanley was fined €101 million ($117 million) by the Dutch public prosecutor over dividend tax evasion and deliberately filing incorrect tax returns.

The fines were imposed on two Morgan Stanley companies in London and Amsterdam, according to a statement by the Dutch public prosecution service on Thursday.

Morgan Stanley “through a specially designed structure, ensured that parties who were not entitled to a dividend tax offset or refund could still wrongly benefit from a portion of the offset dividend tax,” the prosecutor said.

The fine is in addition to the tax due that Morgan Stanley paid to Dutch authorities ...