In the media and the several media reports mention a total of at least 55000000000. 00 euros oil. The highest of the century. Tax tricks cost authorities billions. The government is covering up its own failures. It may be the biggest tax scandal in german history for years a cascade of revenue flowed unhindered from state coffers exits just perfect the become ex is the perfect crime of this for no and it didnt happen with a pistol and a schema but with a pinstripe suit and a tie. Banks and investors took advantage of the law. There was never a loophole it simply theft. The players big banks and super rich investors. Only i was able to help clarify a very complex. Sure. What that the politicians know. Is the point comics are the state failed blatantly house. Fallout from the scandal kept coming. Since i couldnt have imagined what would happen what we dont cover. In the end the main victim was the taxpayer but how did the finance sectors conjuring trick work was there a legal loophole or
So shes in the median but several media reports mention a total of at least 55000000000. 00 euros. The highest of the century. Tax tricks cost authorities billions. The government is covering up its own failures. It may be the biggest tax scandal in german history for years a cascade of revenue flowed unhindered from state coffers exits just perfect to have become ex is the perfect crime it does for no and it didnt happen with a pistol and a schema but with a pinstripe suit and a tie not just. The hanks and investors took advantage of the law. There was never a loophole it was simply theft. The players big banks and super rich investors come to hold them to mostly i was able to help clarify a very complex issue of. What did the politicians know. Its cute when charm acts are the state failed blatantly house. Fallout from the scandal kept coming. Since i couldnt have imagined what would happen what we dont cover. In the end the main victim was the taxpayer but how did the finance sectors
Great lengths to find out who my sils was or with the because you know. The story gets even more complicated of all people one of sarahs eans own clients managed to take the high flying Financial Institution to court drugstore king air vent. The german billionaire invested almost 15000000 euros in comics trades unknowingly according to him miller says the bank misused his money he hired a stuttgart law firm for the case millers lawyer. Says his client was a victim of the bank. The reason was that my client invested in the supposedly secure Financial Model on the recommendation of the thorazine bank. Comics risk double tax refunds. Ever came up. In the trial against sarah xen the parties contradicted each other. But millers lawyer got some unexpected help from inside the bank. A long Time Employee passed on internal documents that helped side win the case for miller. The sara zene informant wants to stay anonymous but is willing to talk to us about what he witnessed at the bank. I saw t
The authorities in switzerland. When meant when youre accused and prosecuted for doing that its a real full effect built this is still. Echoed zite was ultimately handed a fine his informant was given 13 months probation after having spent 6 months in pretrial custody. Thanks in part to zite investigations were finally under way in germany but a central question was still unanswered was comebacks illegal or not. Hed avoids the thats his tie in it just everybody knew that you couldnt have a refund not a tax that had never been paid a kind that as you steam everyone knew the system created money out of nothing at the expense of the treasury in the stocks causing or. I dont need any special Legal Expertise to know that that is simply not ok gate and yet the perpetrators continue to help themselves from state coffers even though they already had plenty. Of this is at some point it was no longer about the money at some point it was just about the thrill i get it because eventually there is
With us so today germanys most controversial tax case is going on trial it involves 2 British Investment bankers were accused of defrauding the country of around 440000000. 00 euros in tax money in a case which centers around socalled ex trading schemes a complex trades are equity deals investors rely on the sale of borrow chast right before a given firmest lated to pay dividends a scheme that also resulted in double tax reclaims for share trade us now over the years it became big business based on tax fraud the total loss for europe could be around 55000000000. 00 euros according to the Journalistic Research network correct if with germany losing an estimated 32000000000 euros now todays trial is just the beginning with some 200 more people also being investigated lets talk a little bit more about that and bring in our financial correspondent who is standing by for us there is in frankfurt 21. 00 saying we have to clarify 1st of all i was just talking about sort of unfortunate tax hol