German bank faces fine of more than $16 million
Posted On: Sep. 24, 2019 6:36 AM CST
A Danish court has fined Germany's North Channel Bank GmbH & Co. KG 110 million Danish crowns ($16.2 million) for its involvement in a tax-stripping scandal, The Chronicle Herald reports citing Reuters. Denmark's tax authorities lost around $2 billion in the scandal that hit several countries across Europe including Germany, Belgium and Austria.