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

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.

By Andreia Nogueira

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. [1]