The German government yesterday reiterated that it was justified in exempting Deutsche Post, the postal group, from raising sales taxes on certain core services. Deutsche Post’s tax payments have become a major source of irritation for investors since Germany’s federal audit office in January reproached the government for granting Deutsche Post an unfair competitive advantage by exempting it from sales tax.
Read MoreDeutsche Post World Net is planning to further increase the equity capital of its French parcel delivery unit, Ducros Euro Express.
Read MoreGerman government sources said on Monday that an exemption from sales tax for certain services provided by German postal and logistics group Deutsche Post AG was justified.
Read MoreDeutsche Post AG has rejected a tabloid newspaper report that the company could face an extra EUR1 billion or more in taxes as a result of a sales tax. exemption it was granted.
Read MoreDeutsche Post AG, the German postal operator, is being threatened with a heavy fine from the EU Commission, for unpermitted subsidisation. It is thought the company may be asked to pay back as much as 800m euros.
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