Deutsche Bank Pays 29 Million in the Cum Ex Scandal
9 Articles
9 Articles
In the Cum Ex scandal, Deutsche Bank takes over part of the tax liability for two funds. However, this issue has not yet been resolved for Germany's largest bank.
The tax office receives a three-digit million back to which it has been cheated by illegal transactions. Several major banks involved have to pay.
In the dispute over tax repayments for several Cum Ex funds, Deutsche Bank has agreed with the state on a million-dollar payment. Germany's largest bank took over 29 million euros of tax liability for two funds.
Deutsche Bank has reached an agreement with the tax authorities and other banks in a dispute over tax repayments for several Cum-Ex funds. According to the bank's latest annual report, it has been clarified who will assume which portion of the tax liability, reports the Handelsblatt (Wednesday edition). The dispute involved two funds totaling €85 million, of which €29 million was Deutsche Bank's responsibility. "The bank participated in an amica…
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