EU FINAL REPORT ON CUM-EX, CUM-CUM AND WITHHOLDING TAX RECLAIM SCHEMES

On 23 September, the European Securities and Markets Authority published this report, saying that, following alleged large-scale tax fraud schemes known as “Cum/Ex”, the European Parliament requested the ESMA to conduct an inquiry into dividend arbitrage, Cum/Ex and Cum/Cum schemes.  In July 2019, ESMA published a Report on preliminary findings on multiple withholding tax reclaim schemes.  This latest Report presents the results of the findings of a formal inquiry and provides an updated analysis of the subject.

https://www.esma.europa.eu/sites/default/files/library/esma70-155-10272_final_report_on_cum_ex_and_other_multiple_withholding_tax_reclaim_schemes.pdf

Any modest contributions for my time and ongoing expenses are welcomed!  I have a page where you can do so, and where one-off contributions start as low as $3, at https://www.buymeacoffee.com/KoIvM842y

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

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s