a german court has ever seen now for simplicity simplicity sake it involved claiming rebates on taxes paid on stock dividends except those taxes for never paid it was a widespread scheme that cost european treasuries billions of euros and lost tax revenue the 1st trial in the matter has now started. to british stuff brokers of appeared before a court in bond charged with over 30 counts of tax evasion they were alleged to have been behind illegal tax rebate claims made in the system known as comics used to bankers alone allegedly swindled 440000000 euros from the german state the comic scheme relied on a lack of financial oversight during the day on which stocks were due for dividend payments several parties sold share packets and hence ownership amongst themselves . only one of the parties paid capital gains tax on the dividend. but all those who bought and sold the shares that day applied for a tax rebate as if they had paid the tax office granted the rebates because it had