KM Financial Solutions | UPDATE 1-German court says ‘cum-ex’ trading scheme was illegal
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UPDATE 1-German court says ‘cum-ex’ trading scheme was illegal

UPDATE 1-German court says ‘cum-ex’ trading scheme was illegal

A sham trading scheme to make double
tax reclaims that Germany estimates cost it more than 5 billion
euros in total was illegal, a criminal court in the German city
of Bonn said in its first statement on a continuing trial on
Wednesday.

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