Liechtenstein, you say?
Obviously, international expansion can drive revenue and profits. It can also end up hurting both while providing all sorts of room for behavior which is frowned upon by both stockholders and authorities. Deutsche Post has found that out the hard way, now that head Klaus Zumwinkel has been accused of tax fraud. The moral? Investors have to keep an eye on businesses which expand internationally, and on the executives which run them.
Tags: Deutsche Post, Klaus Zumwinkel, tax evasionRelated Stories
POSTED IN: News
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