The Deutsche Bank AG twin tower headquarters, left, and the offices of UBS Group AG stand beyond a park in the financial district in Frankfurt, Germany. (Photographer: Alex Kraus/Bloomberg) 

German Banks May Face $695 Million Hit on Dividend Tax Loophole

(Bloomberg) -- German banks may face about 610 million euros ($695 million) of costs after helping investors take improper advantage of a loophole to reduce taxes on dividends, according to the cou...

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