Page 10 - Exit Scheme News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Welcome to do business starting with the biggest tax wendel in europe s history european banks bought and sold shares at a pace that confused tax authorities and claim to billions of tax dick duction in the process the so-called exit scheme has been known about for years but recent reports suggest that the amount of money involved could have been more than six times higher than we thought. some insiders call it open eyes to crime in pinstripes they re referring to the controversial dividend stripping transactions allegedly carried out by many major european banks here s how it worked investors quickly sold on stocks to each other around the days when companies were paying out dividends the capital gains tax on the dividend was paid only once but the multiple short term owners all claimed the tax relief the shares had changed hands so ....

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