Morgan Stanley sets aside ₹467 crore to fix taxing errors
American financial services company Morgan Stanley has revealed several tax-reporting errors were made by its brokerage business from 2011 to 2016, for which it has set aside ₹467 crore. The amount will be used to reimburse the customers who overpaid taxes due to taxing errors. Morgan Stanley is also looking to resolve any client tax underpayments.