GERMAN AUTHORITIES RAID HOMES, OFFICES IN “CUM-EX” TAX FRAUD PROBE

On 11th April, the Charlotte Observer reported that German prosecutors have searched over a dozen offices and homes across the country as part of their investigation into a massive tax fraud going back more than a decade.  Frankfurt prosecutors said about 170 officers raided 19 premises in 4 German states.  Separately, a court in Switzerland has convicted a German citizen, a former employee of Swiss private bank Sarasin, of passing confidential client information to a journalist — blowing the lid on the cum-ex tax scheme.

https://www.charlotteobserver.com/news/business/national-business/article229113039.html

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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