French prosecutors search banks over alleged dividend stripping

French prosecutors search banks over alleged dividend stripping

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French authorities on Tuesday searched the Paris offices of five banks, including Societe Generale (SOGN.PA), BNP Paribas (BNPP.PA) and HSBC (HSBA.L), on suspicion of fiscal fraud, part of a broad European probe into the dodging of dividend tax payments. Societe Generale and BNP Paribas confirmed…

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