Cum Ex Scandal; financial crime and the loopholes in the current legal framework: extracts from the vote
Event date: 29/11/2018
During the plenary session of the European Parliament in Brussels, MEPs vote on “Cum Ex scandal". Recently revealed by investigation media, a year-long tax scam potentially drained 55 billion euros from national treasuries in Europe, affecting eleven countries: Germany, France, Spain, Italy, the Netherlands, Denmark, Belgium, Austria, Finland, Norway and Switzerland. It allowed owners of shares to claim multiple times over refunds for tax they paid only once on dividend pay-outs.