Google trend - Cum-Ex

Cum-Ex - 10 things to know with detail

• Cum-Ex is a type of financial fraud scheme that involves exploiting tax loopholes to claim multiple refunds on dividend taxes that were only paid once.
• The scheme typically involves a group of investors buying and selling shares around the dividend record date in order to create the appearance of multiple ownership of the same shares.
• By claiming multiple refunds on the dividend taxes paid, the investors are able to profit from the scheme at the expense of the government and taxpayers.
• Cum-Ex transactions have been estimated to have cost European governments billions of euros in lost tax revenue over the years.
• The scheme was first uncovered in Germany in the early 2000s and has since been investigated and prosecuted in several European countries, including Denmark, Belgium, and France.
• The complexity and cross-border nature of Cum-Ex transactions have made it difficult for authorities to track and prosecute those involved in the scheme.
• In response to the widespread fraud, several countries have implemented stricter regulations and measures to prevent similar tax schemes from occurring in the future.
• The European Union has also taken steps to address the issue by introducing new regulations and guidelines to combat tax evasion and fraud.
• The Cum-Ex scandal has raised concerns about the effectiveness of regulatory oversight and the need for greater transparency in financial markets.
• The investigation and prosecution of individuals involved in Cum-Ex schemes continue to be ongoing, with authorities working to hold those responsible accountable for their actions.