France Seek to Claw Back EUR2.2 Billion SocGen Tax Benefit -Reports

FeaturesDow Jones Newswires

France's tax authorities are seeking to recoup a EUR2.2 billion tax benefit claimed by Societe Generale SA (GLE.FR) with respect to losses made by a rogue trader a decade ago, FT reports, citing unnamed sources.

--SocGen is negotiating with tax authorities over the benefit, FT said, quoting the trader, Jerome Kerviel, as welcoming the decision.

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--FT said the news was first reported by French weekly Le Canard Enchaine.

Full story: http://on.ft.com/2ERzFNg

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(END) Dow Jones Newswires

January 17, 2018 12:00 ET (17:00 GMT)