Tag: Germany

Deutsche Post rejects accusations

Deutsche Post AG, Germany’s postal services monopoly, has issued a strong denial of accusations by the country’s Commissioner of audits that it does not pay enough VAT. Edgar Ernst, head of finance, said that Deutsche Post had special legal dispensations exempting parts of its business from VAT. The spat was sparked by a report which concluded that Deutsche Post should collect an additional 445m euros in VAT per year.

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Legal challenge over letter costs for Deutsche Post

Deutsche Post AG (G.DPW) faced Wednesday the threat of a legal dispute with a leading German industry group seeking repayments for letter costs. The German Association of Wholesale and Export Traders said it would demand repayments from Deutsche Post in a forthcoming complaint over monopoly letter prices to the state court of Berlin.

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Deutsche Post's New Integration, Cost Savings Program

Deutsche Post AG (G.DPW) confirmed Wednesday that it has launched a cost-cutting program, but the partially privatized mail group denied it is planning a reorganization. Earlier Wednesday, daily newspaper Die Welt said Deutsche Post had begun a cost-cutting program that could lead to a broad restructuring of the group, including the creation of a holding company.

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