The latest half yearly presentation of 28 October 2022 has the following on page 40 "Regulatory Update" I am a new shareholder in MQG so have not followed MQG closely but recollect (somewhat vaguely) that Macquarie and others made a "motza" dollars several years ago with some most-interesting and technical treatment of German company dividends and their tax benefits that seemed to have the effect of using the tax benefits in ways (including multiple times) not envisioned by the German tax authorities, and that this took some time to be appreciated and then led to investigations. ( Please note that I am not accusing Macquarie of anything illegal, as I am relying on a very vague recollection of some past media reporting, and media reporting is sometimes, well, imprecise, shall we say!) Can anyone please direct me to some reasonable explanation of this, and MQG's position and assessment of sums being considered and financial risk? I am interested in making an assessment of the extent of risk to MQG (as I am considering topping up my holding). thanks
MQG Price at posting:
$172.00 Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)