Schlagwörter: cum-ex (4 gefunden)

1. 31. Mai 2022

   Update: Cum-ex trading is tax evasion

   In its decision of 28 July 2021, the Federal Court of Justice held that claiming a refund or credit of withholding tax in the wake of cum-ex schemes is a criminal act of tax evasion. The proceeds obtained in these illegal transactions and the benefits derived therefrom may be collected.

   Kategorien: Tax Court

   Schlagwörter: cum-ex, Tax evasion
2. 17. März 2022

   Cum-ex deal rejected by Supreme Tax Court for want of benefi ...

   In a recently published decision, the Supreme Tax Court dealt with so-called cum-ex share transactions. In its judgment the court rejected a "business concept" that sought to "exploit" uncertainties in the clear economic allocation of shares in such a way that withholding tax once withheld might be credited or refunded by the tax authorities twice or even more times.

   Kategorien: Supreme Tax Court cases

   Schlagwörter: cum-ex, beneficial owner, dividend strip ...
3. 16. März 2022

   Bundesrat: Draft Bill Organised Tax Evasion

   The draft bill is being (re-)introduced to combat serious tax evasion executed via organised -"gang"- structures. The current law is limited to organised evasion of VAT and excise duties.

   Kategorien: Legislation

   Schlagwörter: cum-ex, Tax evasion, organised crime
4. 03. Dezember 2020

   Germany: Higher penalties for organized tax evasion?

   The representatives of the German provinces (the upper chamber of parliament - Bundesrat) would like higher penalties for organized tax evasion and further suggest improving the investigation of such crimes. On 27 November 2020 the upper chamber decided to introduce a corresponding bill in the German Bundestag to amend the German Fiscal Code.

   Kategorien: From Europe

   Schlagwörter: cum-ex, Tax evasion, penalty