Tax ruling could lead to UK refund of €1bn

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UK schemes could receive a refund of more than €1bn (£902m) following a legal challenge against the Dutch tax authorities by the Strathclyde Pension Fund.

In a ruling issued last week, The Dutch tax authorities said they accepted Strathclyde Pension Fund's claims they should not have levied a "withholding tax" on dividend payments to tax exempt bodie...

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