Dutch prosecutor fines Morgan Stanley 101 million euros for tax evasion

Core Points - The Dutch Public Prosecutor has imposed a fine of 101 million euros ($117.10 million) on two Morgan Stanley entities for dividend tax evasion [1] - The penalty is distinct from the tax liability that Morgan Stanley settled with the Dutch Tax Administration at the end of 2024, which includes accrued interest [1] - Morgan Stanley utilized a special structure that allowed ineligible parties to improperly claim tax rebates, violating Dutch law [2] - The financial services company agreed to accept the fine just before the commencement of criminal proceedings [2] - Morgan Stanley expressed satisfaction in resolving this historical matter related to corporate tax returns filed over 12 years ago [3]