US News Tax scandal: Cum-Ex: CDU wants parliamentary committee of inquiry in Hamburg

18:05  19 september  2020
18:05  19 september  2020 Source:   handelsblatt.com

Local election in NRW: When the green dream becomes reality

 Local election in NRW: When the green dream becomes reality © dpa In Aachen - the hometown of NRW Prime Minister Armin Laschet (CDU) - the candidate of the Greens, Sibylle Keupen, left her CDU with 67.4 percent of the vote. Competitor Harald Baal far behind. In the once red North Rhine-Westphalia, the Greens are taking over the mayor's chairs in Bonn, Aachen and Wuppertal. This shows the key role the party has now played in the country. When the green dream comes true The green dream has come true.

Read more: Massive tax avoidance through cum - ex scandal . Correktiv and the other media outlets, including France's Le Monde and German public Hamburg state prosecutions spokeswoman Nana Frombach said Hamburg had since May adopted the Swiss case because Schröm lived in Germany's

The case is one of many civil and criminal proceedings throughout Germany related to the Cum - Ex scandal . For years, investors and lenders were able to exploit a loophole in German law to receive multiple rebates on taxes paid on dividends. Deutsche Bank said in a statement that the court was

Der Ex-Bürgermeister hatte sich mehrfach mit dem Eigentümer der Warburg Bank getroffen, gegen die Ermittlungen wegen Steuerhinterziehung liefen. © AFP The ex-mayor had met several times with the owner of the Warburg Bank, who were being investigated into tax evasion.

The role of Federal Finance Minister Olaf Scholz in the Warburg affair is to be clarified in the committee. It's about millions in taxpayers' money.

The CDU in the Hamburg citizenship wants to apply for a parliamentary committee of inquiry (PUA) to deal with leading SPD politicians with the Warburg Bank involved in the Cum-Ex scandal. It must be clarified whether ex-mayor and vice-chancellor Olaf Scholz and his successor in the Hamburg city hall, Peter Tschentscher , have influenced decisions of the tax office, said parliamentary group leader Dennis Thering on Saturday.

CDU: "The last year was a bad one"

 CDU: © dpa Polite applause: Almost 68 percent of the members speak out in favor of Christian Hirte at the CDU state party conference in Erfurt. Christian Hirte is to renew Thuringia's CDU. The new chairman doesn’t get carried away, but shows the confidence that the state party urgently needs. "The last year was a bad one" Christian Hirte grew a beard. Politicians sometimes do that when they want to show that they have matured in times of media abstinence, perhaps even refined.

The scandal came to light in 2016 when it emerged that several German banks had exploited a legal loophole which allowed two parties simultaneously to He told Reuters that he advised the Australian bank Macquarie, another caught up in the scandal , on cum - ex trading but claims he was not paid for it.

Cum - Ex is reportedly the biggest tax scandal in history. Second, the ‘Europeanisation’ of the Cum - Ex scandal also reflects the power imbalance between The Green parliamentary group has formulated the necessary consequences after concluding the parliamentary enquiry into Cum - Ex .

The left-wing parliamentary group and AfD also want a committee of inquiry, as does the individual member of the FDP , Anna von Treuenfels-Frowein. The necessary 1/5 majority would be secured without the AfD. The background to this are meetings between Scholz in 2016 and 2017 with Warburg co-owner Christian Olearius, against whom investigations were already underway on suspicion of serious tax evasion in connection with cum-ex deals.



allowed an additional tax claim in the double-digit million range to become statute-barred, another was only claimed after the intervention of the Federal Ministry of Finance. The meetings had become known through reports in “Zeit” and the NDR magazine “Panorama” in February and the beginning of this month. "The question has to be clarified whether Scholz as the mayor at the time and Tschentscher as the responsible finance senator at the time had any influence on Hamburg's tax administration," said Thering. In the special meeting of the budget committee on Friday evening, which Tschentscher had not attended, contrary to the requests of the opposition, this was not possible.

"It is therefore now our opposition duty to provide clarification with the help of a PUA," said Thering. He called it “worrying that this explanation is not possible with red-green, but only against red-green.”


Scholz claims gaps in memory when questioned in the Bundestag

Beach EM: Behrens / Tillmann in the semifinals - Ludwig / Kozuch eliminated .
© Morozov Vadim Cinja Tillmann at the Beach Volleyball EM in Latvia Olympic Champion Laura Ludwig and her partner Margareta Kozuch failed in the Beach Volleyball EM in Latvia in the quarter finals , another German duo is still fighting for a place in the final on Saturday afternoon. Kim Behrens / Cinja Tillmann made it into the semi-finals with a 2-0 (22:20, 21:18) against the Finnish duo Riikka Lehtonen / Niina Ahtiainen.

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