The investment seemed virtually risk-free, guaranteeing hefty returns after only a short season of trading. By exploiting how Germany once taxed dividend payments, dozens of bankers, brokers and lawyers helped investors snatch billions of euros from the national treasury. A decade later many of them face prosecution for tax crimes, fines and potentially jail time in what’s come to be called the Cum-Ex affair.

Topics:  germany   cum-ex   

 

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