The Hamburg private Bank Warburg, Deutsche Bank sued for damages. Background so-called Cum-Ex-transactions in which banks taxes refunded were, they had never paid. The Warburg Bank has been under suspicion, to have these businesses operated.
In one of the largest tax scandals in German history, the Hamburg private Bank Warburg, has sued the Deutsche Bank. The Deutsche Bank should have accordingly, in the case of large stock transactions with Warburg to withhold the taxes due. This meant that the tax authorities with a high Tax loss was incurred, for the Warburg does not want to be liable. This is according to information from NDR, WDR and "süddeutsche Zeitung" from a lawsuit, filed by the Warburg Bank against Deutsche Bank in the Frankfurt district court.
Background are so-called Cum-Ex-transactions: With the help of a Tricks had let the banks and the tax office-tax refund, which have not been previously paid. In the opinion of the public Prosecutor's office of Cologne, the Warburg should have benefited the Bank from these transactions to the detriment of the Treasury massively. These shares were traded by a certain date, the stock dividend is payable.1/6 So the "Cum-Ex"transactions
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