Mega German Tax Scam (80 Billion Euros)

[cronus]

http://www.bbc.co.uk/news/world-europe-40199259

Germany fears huge losses in massive tax scandal

It is reckoned to be the biggest tax scandal in German post-war history.

An international group of bankers, lawyers and stockbrokers - reportedly with links to the City of London - appears to have fiddled the tax system, employing practices which were at best unethical, at worst illegal.

Ultimately they may have deprived the state of nearly €32bn (£28bn; $36bn). As the German broadcaster ARD wryly noted, that would have paid for repairs to a lot of schools and bridges.
The newspaper Die Zeit adds that the sum would more than cover the cost of the refugee influx for a year.

Prosecutors have been investigating for some time. And gradually it is emerging that large-scale tax avoidance was taking place right under the noses of the authorities.
And that - in some cases - they turned a blind eye to practices employed, not just by individuals out to make a fortune, but by some of the country's biggest banks and respected businesses.

(continued)

[JimC]

London, eh!

The financial axis of evil strikes again!

[cronus]

London, eh!

The financial axis of evil strikes again!

The economy is screaming somewhere, but in Germanistan no one can hear you scream.

[Brian Peacock]

This is fallout from Operation Carwash.