The Limited Times

Court: Cum-Ex transactions are punishable by law

3/18/2020, 7:01:23 PM


Bonn (dpa) - The multiple reimbursement of taxes known as cum-ex-deals is a criminal offense in the opinion of the Bonn Regional Court. This was decided by the court on Wednesday at the end of the nationwide first criminal trial for the controversial business by sentencing the accused to suspended sentences.

Bonn (dpa) - The multiple reimbursement of taxes known as cum-ex-deals is a criminal offense in the opinion of the Bonn Regional Court. This was decided by the court on Wednesday at the end of the nationwide first criminal trial for the controversial business by sentencing the accused to suspended sentences.

Cum-Ex has caused damage to the German state in the billions.