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
selling lots of cool gadgets, iphones, ipads, ipods all sold at a premium to customers who said i have got to have it the problem of course with being cool is staying cool and acting cool does not keep you cool. you have to keep doing cool stuff. keep making cool stuff. keep outcooling the other guy s cool stuff. none of this is to say that apple is not a great company, it is. or that it doesn t make a lot of cool cash it does. not as great a company and not as much cash. i say this not just as an apple admirer heses who loves and buys a lot of the stuff but full disclosure apple shareholder for decades. apple s problems creeped up on itself. even after promising to buy back 60 billion bucks of its stock dividends to folks who own the stock. so, apple is owns the stock. company didn t get ahold
from academy award winning director to grover norquist agitator, barry levinson wears many hats. he ll don his truth-telling cap when he join us next. we were on a roller coaster with exciting ups and downs and then the ride ends and you get off. can t we be on a roller coaster the rest of our life? no, the ride is over. now that his ride is over, mitt romney wants to enjoy a life of multiple homes, cars and stock dividends. we ll explore the status quo just ahead who thinks more is better than less? okay why? more is better than less because if stuff is not le if there is more less stuff then you might want to have some more and your parents just don t let you because there s only a little bit.
from academy award winning director to grover norquist agitator, barry levinson wears many hats. heal don his truth telling cap when he join us next. we were on a roller coaster with exciting ups and downs and then the ride ends and you get off. can t we be on a roerl coaster the rest of our life? no, the ride is over. now that his ride is over, mitt romney wants to enjoy a life of multiple homes, cars and stock dividends. we ll explore the status quo just ahead. [ male announcer ] i ve seen incredible things.
how much are they to blame? interestingly the poll we are discussing here put a large part of the blame on congress and then slightly smaller part on the banks. so people do tag congress and the banks. i think right now congress in particular with its is clearly not doing anything to help i m talking about the fiscal cliff. actually if you dig deeper what s really going on here was a uniquely tough labor market for middle-imcome people they just didn t get the opportunities they had in earlier periods. remember these folks don t depend on tax-favored stock dividends and, you know their portfolio returns. they depend on their paychecks. right. they don t live off capital gains. exactly. do you think if the president gets reelectioned things will open up.