3 days ago
7
Reuters
Thu, November 27, 2025 astatine 8:26 AM CST 1 min read
AMSTERDAM (Reuters) -The Dutch Public Prosecutor (OM) has imposed a full good of 101 cardinal euros ($117.10 million) connected 2 Morgan Stanley entities in London and Amsterdam for dividend taxation evasion, it said connected Thursday.
The punishment is abstracted from the taxation liability Morgan Stanley settled with the Dutch Tax Administration at the extremity of 2024, including accrued interest, the OM added.
Under Dutch law, home shareholders tin reclaim oregon offset dividend taxes, but overseas recipients usually cannot. According to OM, Morgan Stanley utilized a special operation that allowed parties who were not eligible to improperly assertion these taxation rebates.
Earlier this year, the OM said it would summon Morgan Stanley but conscionable earlier the commencement of criminal proceedings, the fiscal services institution agreed to judge the fine.
Morgan Stanley said it was "pleased to person resolved this humanities matter", which acrophobic firm taxation returns filed successful the Netherlands much than 12 years ago.
($1 = 0.8625 euros)
(Reporting by Toby Sterling, Writing by Charlotte Van Campenhout; Editing by Kirsten Donovan)
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