MANHATTAN: Deutsche Bank AG was accused of using underfunded shell companies to evade United States taxes in a government lawsuit seeking US$190 million in taxes, penalties and interest. Deutsche Bank bought a corporation in 1999 that held stock whose sale would trigger more than US$100 million in taxable gains because it rose in value, according to the government complaint here. To avoid paying the taxes, Deutsche Bank made a deal with a firm that created three shell companies, according to the US. Bloomberg
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