damage caused by „cum ex - steuerdeals much bigger than thought
the scandal of dividend steuertricks goes far beyond the boundaries of germany and is becoming more and more international financial groups. the damage to taxpayers in europe, according to media reports, much higher than previously thought. he set out by this "steuergetriebenen stock transactions to at least 55.2 billion, it said.
in addition, at least ten affected germany, other european countries, as of thursday published research from 19 media from the twelve countries, under the leadership of the recherchezentrums correctiv showed.
with cum ex - shops, the practice is to dividendenstichtag around in short selling shares with (cum) and without (ex dividend ex) to buy and sell and then a tax paid only once, by the tax authorities several times to be reimbursed. the tax loophole has now been closed.
specifically, show the research according to the media, that such steuergetriebenen stock transactions around the dividendenstichtag and similar strategies in addition to germany, france, spain, italy, the netherlands, denmark, belgium, austria, finland, norway, and di e switzerland were damaged.
the steuerraub history
from germany to the research of the "time", "times online", the art magazine "panorama" and ndr info involved; more than 180000 pages of confidential files and records of parliamentary committees of inquiry, internal reports of banks and firms to kundenkarteien, books. and e-mails were therefore evaluated.
the "cumex files" (www.cumex-files.com) reveal that more european countries by the scandal affected than previously thought, and the investigation of santander, macquarie and other banks this year clearly to drive recorded. so far, however, is not höchstrichterlich whether "cum ex" was a legitimate tax loophole or not.
from information of tax authorities and analysis of market data is reported to a damage of at least 55.2 billion euros. the tax expert christopher spengel of mannheim university have already last year calculated that the german tax authorities between 2001 and 2011 at least 31.8 billion were missed, reported "times online".
"it is the largest steuerraub in the history of europe," said spengel. this research is made possible according to the fact that an exchange of information on the harmful tax activities within europe is hardly occurred. so germany its european neighbours until 2015 on the oecd database on the cum ex business information, although the treasury knew since 2002 at the latest.
the european dimension
in the 5.8 million inhabitants in denmark, the damage from "cum ex - shops for taxpayers to at around eur 1.7 billion. the danish authorities want the money in people in the united states to collect. against a british citizen who, at the palminseln lives in dubai, is a procedure. the cases of germany and denmark, the investigators in other countries take the dividends steuerdeals also look at. the result: several other states are affected, although to a lesser extent. a speaker of the belgian ministry of finance revealed in the kingdom of similar illegitimate requests for tax refunds. first, the treasury there 201 million euro, before much greater recovery, some to the year 2017 in, be stopped.
the public prosecutor's office, according to the vienna was suspect, "cum ex system from germany to austria to transfer. the investigations in cooperation with the public prosecutor's office in cologne are very advanced, said a spokeswoman for the authority. according to the tax authorities in norway was a loss of 61.500 euro 2013 converted. ten additional requirements amounting to eur 3.7 million, according to a note of the neighbouring 2015 denmark be stopped. according to the oecd, the international cooperation in fiscal policy is responsible, it is in luxembourg, switzerland, france, italy and sweden have come to steuertricks, recovery from dividendengeschäften are based.
a printing press
in "cum ex" were once paid investors with their bank rate at least two times report. tax experts had this long as legal steuertrick considers, for several years, investigators and law enforcement officers to assess "cum ex but almost unanimously as tax evasion. for the former finance minister of north rhine westphalia, norbert walter borjans (spd), in his term, strongly against steuerkriminalität, then the matter is clear: "it is clear that the breach of the law, how can it be legal, just two or three time back, the only once paid for? "
still unclear, the tricks by the use of short selling. the buyer and seller agree upon the acquisition of a share before the buyer in the market concerned. he speculated that the papers at a lower price to buy, as he himself is taken into account. in the case of "cum ex was the business before the dividendenstichtag up and then masked, who when what share owned.
according to the investigators, the shares were in a kind of syndicate of bankers, investors and hedge funds rapidly back and forth to see the impression of several shareholders to engender. the control of the parties involved were divided. in order to obtain greater profits, some pension funds with large quantities of shares set and took a loan from a bank.
according to the cologne prosecutor acted santander in such a construct as leerverkäufer. with this familiar persons used in some pension funds, according to macquarie as lenders. a number of other banks were already, that they were involved in such transactions. in addition to the german bank deutsche unicredit hypovereinsbank's daughter. a spokesman for the german bank says it was not part of a "cum ex - market", but in the business of some of our customers have been involved. the bank is cooperating with authorities.
against five former distributor has the office of the prosecutor general of frankfurt in the autumn (2017 charges of serious tax evasion).(徳囯ASK电容器)