Bank Loses a Pounds 50m Battle Over Tax Ploy ; Revenue Ruling Rocks Deutsche

Summary


DEUTSCHE Bank has lost a Pounds 50 million case involving an elaborate scheme to avoid tax on bankers' bonuses.

The bank was paying staff through a share scheme involving a Cayman Islands company.

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Extract


Bank Loses a Pounds 50m Battle Over Tax Ploy ; Revenue Ruling Rocks Deutsche

Bankers were given 'restricted' shares in th...

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