Even bigger and more intricate a report on a mass europe wide tax scam reveals just how much taxpayer money was stolen by rich investors to make themselves even richer. On the program breaks it uncertainty grows forcing countries like The Netherlands to take extraordinary measures to handle any fallout. And for the first Time Facebook opens the door on its war with monitors its own content have a look. For business on the w. B. And how you know welcome to the program its one of the biggest scams in europes history most european banks including spain there and a bank bought and sold shares at a pace that got tax authorities confused and earned billions in the process money that is now gone the socalled x. Trading scandal has been known about for years but recent reports suggest the amount of embezzled money could be more than six times higher than we thought. Some
call it Organized Crime in pinstripes the controversy all but at the time legal dividend stripping transactions allegedly ca
least thirty one point eight billion euros the amount was previously thought to be only around five the new estimates suggest france lost at least seventeen billion euros italy four point five and denmark one point seven billion euros at least six other countries could also be affected. the loophole was closed in two thousand and twelve but many questions remain unanswered such as when germany informed other countries about the comics dealings the case is firing up those demanding a stronger you financial oversight. and speaking of e.u. finances the european union norway russia and other countries have formally asked the world trade organization to set up a resolution panel to address the united states higher tariffs for imported steel and aluminum the countries believe the tariffs are not allowed under the mobility old rules established mint of the panel means the w t o members have failed to come