Thursday, January 20

What are the cum-cum and cum-ex schemes that some shareholders use to avoid paying billions in taxes

  • Theo Leggett, Manuel Daubenberger and Oliver Schroem
  • BBC News y ARD Panorama

A man putting euros in a pocket

Image source, Getty Images

Large tax evasion and avoidance schemes have caused governments a loss of revenue estimated at 150 billion euros (about $ 175 billion), research shows.

The so-called cum-cum and cum-ex schemes are designed to take advantage of weaknesses in the tax laws of different countries.

They apply to payments or dividends that companies deliver to shareholders.

The new figures have been calculated by a team of experts from the University of Mannheim in Germany, in association with the German non-profit group Correctiv.

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