It May Be the Biggest Tax Heist Ever. And Europe Wants Justice. • Discoverology

It May Be the Biggest Tax Heist Ever. And Europe Wants Justice.

Crime

Stock traders are accused of siphoning $60 billion from state coffers, in a scheme that one called “the devil’s machine.” The scheme was built around “cum-ex trading”: a monetary maneuver to avoid double taxation of investment profits. Germany is the first country to try to get its money back.

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