Monday, May 5, 2008

Major Dutch Bank Investigated by American Tax Authorities

On the basis of an article in the Wall Street Journal, The NRC Handelsblad has reported that the American Internal Revenue Service is investigating the Dutch Rabobank for having facilitated tax constructions for a large number of American firms which are considered tax evasion. Rabobank admits that the bank is being investigated, but denies that it designed these constructions. It claims that it is involved only in the financing of these arrangements.

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