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Fidex Can't Claim €84M Loss From Tax Avoidance Scheme

By Vidya Kauri (April 22, 2016, 8:18 PM BST) -- A U.K. appeals court on Thursday ruled against BNP Paribas subsidiary Fidex Ltd. trying to claim a loss of €84 million ($94 million) after a restructuring, upholding a tribunal's finding that the entire amount arose from a tax avoidance scheme and could not be allowed under the Finance Act....

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