Germany – Highest German Court confirms cum-ex trades is tax fraud
The highest German Court of Justice in Karlsruhe has ruled that it is illegal to reclaim dividend tax several times while the dividend tax has been paid only one time.
The scheme which came to be known as cum/ex fraud, involved buying and selling large amounts of stock around the payment date of dividends.
Although the dividend tax due was paid only once, it was reclaimed by both the seller...
Bank account data shared by Germany
The German state of North Rhine-Westphalia has sent to foreign tax authorities information on more than 100,000 bank account holders suspected of attempting to evade tax in 19 countries, the state’s finance ministry has announced. The state Government revealed on August 5 that the trove of information is contained in three separate caches, the first and largest of which includes details...
Reporting obligation for Dutch companies in Germany
As of January 1, 2015 the minimum wage act entered into force in Germany. Based on this act foreign companies providing services in construction, hospitality, shipping, transport and logistics sector, as well as for occupations in the cleaning industry, the construction and dismantling of fairs and exhibitions, and in the meat processing sector are required to pay the minimum wage to their...