CUM-EXX and CUM-CUM Tax frauds continue to squeeze billions of euros from Europe’s public funds, despite being known for more than two decades. Since 2001, when they began to see the light of publicity, their exact costs are difficult to calculate, but their area is shocking: it is estimated that between 2000 and 2020, Germany alone lost about 29 billion euros due to Cum-Cum fraud, Cum-Ex. Worldwide, losses exceed 140 billion euros. The shocking “secret”: The fraud continues … The most worrying is that these tax fraud, instead of being limited, seem to continue to continue, as DW reports. Anne Brogller, a distinguished tax law lawyer and former German prosecutor who handled many CUM -X cases, points out that authorities often “know nothing” about ongoing action. Indeed, important informants who are still working in the financial sector have testified that these frauds are still executed today, […]
Source: News Beast
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