Dutch press on with sale of Fortis tax arm

June 19th, 2009

Financial Times

At a time when governments are launching a fierce assault on tax havens, the Fortis arm now owned by the Dutch government is pressing ahead with plans to sell a tax administration and structuring business.

While it might seem an inopportune time to sell a business helping groups to pay as little tax as possible, several private equity offers have been made for Intertrust close to its €350m ($490m) asking price.

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