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   
BING NEWS:
  • The German Tax-Dodge Probe That’s Roiling Banks
    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 ...
    06/26/2019 - 8:37 pm | View Link
  • The German Tax-Dodge Probe That’s Roiling Banks
    (Bloomberg) -- 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, ...
    06/26/2019 - 8:28 pm | View Link
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