German Bundestag Addresses Cum/Ex and Cum/Cum Tax Evasion Schemes
The German Bundestag, through its press service “hib”, has issued a brief but significant announcement regarding ongoing efforts to provide information on the complex tax evasion schemes known as Cum/Ex and Cum/Cum. The update, published on June 26, 2025, at 10:42, indicates continued parliamentary engagement with these sophisticated financial practices.
Cum/Ex and Cum/Cum transactions, which largely took place in the early to mid-2000s, involved the circular trading of shares around dividend payment dates. The aim was to claim tax refunds on dividend withholding taxes that were never actually paid. While Cum/Cum schemes were a less aggressive variation, both methods exploited loopholes in the tax system to the detriment of public revenue.
The Bundestag’s continued focus on providing “Auskunft” (information or clarification) on these matters suggests that parliamentary committees or individual members are actively seeking or disseminating information related to these historical tax abuses. This could encompass a range of activities, such as:
- Responding to inquiries: Members of parliament may be fielding questions from constituents or stakeholders regarding the impact of these schemes and the government’s response.
- Ongoing investigations: Parliamentary committees, particularly those overseeing financial matters or justice, might be conducting their own inquiries or receiving briefings from relevant government agencies.
- Legislative updates: The Bundestag is the primary legislative body in Germany. This announcement could signal ongoing discussions or developments related to current legislation aimed at preventing similar tax evasion in the future, or efforts to recover lost tax revenue.
- Public awareness and transparency: By issuing these “Kurzmeldungen” (brief news items), the Bundestag aims to keep the public informed about its work and the significant financial issues being addressed.
The Cum/Ex and Cum/Cum scandals have had profound implications for Germany, leading to billions of euros in unpaid taxes and significant damage to public trust. The German government and judiciary have been actively pursuing legal avenues to prosecute those involved and recover the illicit gains. The Bundestag’s continued engagement underscores the long-term commitment to rectifying these past fiscal injustices and strengthening the integrity of the financial system.
Further details regarding the specific nature of the information being provided by the Bundestag are not yet available from this brief announcement. However, the ongoing attention dedicated to these complex tax schemes by the German parliament highlights the critical importance of financial oversight and the pursuit of fiscal justice.
Auskunft zum Cum/Ex und Cum/Cum
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Kurzmeldungen hib) published ‘Auskunft zum Cum/Ex und Cum/Cum’ at 2025-06-26 10:42. Please write a detailed article about this news in a polite tone with relevant information. Please reply in English with the article only.