Deutsche Post in tax shock
The German postal company has avoided paying value-added tax (VAT) amounting to $800-million for 1998 and 1999 prior to its stock market listing in 2000, a member of parliament has charged.
The accusation from Free Democrat Party member Juergen Koppelin is based on a confidential memo from the federal audit office and follows the launch of Deutsche Post on the stock market at the end of 2000.
