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Thursday, 18 October 2018

Home / Business News: Latest News on Business / Financial News / India Business & World Business News / Stock Markets / 'Massive tax scam cost Europe 55 billion euros'

'Massive tax scam cost Europe 55 billion euros'

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The so-called "cum-ex" deals relied on complex tax trickery that allowed owners of shares to claim several times over refunds for tax paid only once on dividend payouts -- effectively syphoning off taxpayers' money into investors' pockets.

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