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finance scandalDPA International
•71% Informative
A lawyer allegedly implicated in a scheme to evade 428 million ( $477 million ) in taxes in Germany is set to face criminal trial in November .
The "cum-ex" scandal involved the aggressive manipulation of an apparent loophole in German tax law that allowed participants to claim refunds on taxes they'd never paid.
Cum-ex transactions involved investors swapping shares back and forth with ("cum") and without ("ex") dividend entitlement around the date when dividends are paid.
VR Score
80
Informative language
85
Neutral language
39
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informal
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English
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59
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short-lived
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