COF HSBC pays €267.5m in France to end dividend tax case

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Global bank HSBC has agreed to pay €267.5 million (US$331.6 million) to the French treasury to settle a long-running case of alleged dividend tax payment fraud, Pascal Prache, the lead prosecutor at the National Financial Prosecutor's Office (Parquet National Financier – PNF), has said.

Source: https://www.counter-fraud.com/fraud-typ ... 160842.htm