the bank was rescued in the financial crisis with more than 18 billion euros of taxpayers’ money. That Commerzbank brings Conning the Treasury funds but angered therefore politicians.
(Photo: AP)
Frankfurt / Berlin a decades common control trick of banks and major foreign investors has caused outrage in politics – and triggered a debate on legislative changes. “The audacity, have helped in the banks to harm the state financially is outrageous,” said SPD parliamentary group deputy Carsten Schneider Handelsblatt.
According to data analysis by the Handelsblatt, the “Bayerischer Rundfunk”, the “Wall Street Journal” and “Pro Publica” domestic banks have helped a large scale foreign major shareholders to obtain them not attributable tax refunds from the German tax authorities. With this, Commerzbank, which had to be rescued during the financial crisis by the taxpayer. “The honest taxpayer is the loser, because now his taxes are also stolen,” said Schneider.
German Finance Minister Wolfgang Schäuble (CDU) would quickly provide clarity now why the Treasury and the Financial Market Stabilization Agency have not checked said Schneider. “The federal government had two representatives on the board – why nothing noticed?” He said, urging: “We need an investigation of the Treasury, as these operations could be performed on him and the board over.”
NRW Finance Minister Norbert Walter-Borjans (SPD) demanded that Federal Finance Minister Wolfgang Schäuble (CDU), to close loopholes to get around the dividend record date drying Conning per share trading final. “I see no reason other than the abuse of tax laws when foreign banks sometimes just borrow their German partners shortly before dividend maturity and their tax shares in the billions and then claw back,” said Walter-Borjans Handelsblatt.
The surest protection against abuse is a legal provision which excludes Cum-Cum-control tricks from the outset, so Walter-Borjans. It goes with cum cum Deals matter is that large foreign shareholders of German companies can reimburse the
Commerzbank under pressure billion loss for the tax authorities by Divide Dens Tripping?
The Bundestag consults on the Investment Tax Act. to be regulated so that the tax will be refunded only if the shares are held by the dividend record date longer in him. Walter-Borjans criticized the bill of the Federal Government to be incomplete. “German Finance Minister Wolfgang Schäuble would be well advised to look at the note from NRW well on gaps in the bill,” said Walter-Borjans and added, “If he only again cemented a hole in the law with another holey provision, he is resourceful Steuertricksern never get at. “
Even the Greens doubts were expressed as to whether the gap with the change in the law is effectively closed. The new rules leave to deal within a group, said the financial expert of the Greens in the Bundestag, Gerhard Schick, on Tuesday to Reuters TV. “I expect now that the Minister of Finance to present a proposal calling on the Cum-Cum-shops can be permanently discontinued.” The practice was in use since 1978. . It was unclear why the state had never acted
Schick said, referring to the teilverstaatlichte Commerzbank: “I have no understanding that a bank that has saved a few years ago the taxpayer, then in so large scale businesses charged exactly the same taxpayer makes. That’s a No. “
The deputy leader of the CDU / CDU faction in the Bundestag, Ralph Brockhaus, told Reuters that he considers the transactions for non-legitimate because they served only the tax minimization. “The role of Commerzbank and other German banks, we will follow up very closely.”
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