Macquarie is one of a number of banks being investigated by German authorities in connection with alleged dividend tax fraud. In November, Danish Tax Minister Karsten Lauritzen said his country was also looking at the Australian firm's conduct. That came amid a broader crackdown on tax fraud in Denmark after offshore financiers stole almost USD 2bn from state coffers in a fraudulent rebate scheme.
"Before we see a settlement on this and can see a stronger commitment from them on a new way of conducting business, we cannot do new business,"” Allan Polack, the chief executive officer of Copenhagen-based PFA, said in a phone interview.
Already a subscriber? Log in.
Read the whole article
Get 14 days free access.
No credit card required.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.Start a free company trial today
Your trial for AMWatch has now started
With your free trial you get:
Full access to all locked articles on AMWatch.
Daily newsletter and ongoing top-newsletters. You can unsubscribe and subscribe to our newsletters anytime.
When your trial period expires
You will not be transferred to a paid subscription.
You will continue to receive our newsletters after the trial period expires. You can unsubscribe at the bottom of each newsletter.