Story perspectives
Morgan Stanley Fined €101 Million for Tax Evasion
11/28/2025
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Story summary
- Morgan Stanley (the bank) was fined €101 million by Dutch authorities for dividend tax evasion.
- The Public Prosecution Service (Netherlands) accused Morgan Stanley of claiming tax refunds by holding shares on dividend days.
- This allowed offsetting the dividend tax against other taxes.
- Between 2009 and 2013, Morgan Stanley evaded €124 million in dividend tax.
- The bank reached a plea agreement to avoid a lawsuit and said the case is resolved.
