02
Feb
16:15
Italian court fines Tenaris on dividends issue
Tubemaker Tenaris has been fined €220 million ($240m) for allegedly withholding taxes on dividend payments made in 2008, Kallanish learns from the company. The news was published after the first-instance tax court in Milan rejected the appeal filed by Tenaris Dalmine against a tax assessment made by the Italian authorities in December 2013.
“Tenaris continues to believe that it has correctly applied the relevant legal provisions,” the company sa…
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Anonymous
Very good overview of the weekly steel market.
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