• MinnesotaGoddam@lemmy.world
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    13 hours ago

    i remember all of those except CumEx. Given the spacing between Panama and Snowden i think that was during the year i spent dead for tax purposes and i do not want to google CumEx. What does it stand for?

    • CainTheLongshot@lemmy.world
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      7 hours ago

      Since no one really answered, and i was curious, i went ahead and googled it, lol.

      https://en.wikipedia.org/wiki/CumEx-Files

      Edit: After further review of the links, Cum-Ex and Cum-Cum doesn’t look to be short for anything:

      “Cum-Ex” trades involved the acquisition of shares with (cum) dividends due on or just before the dividend record date and delivery of these shares after the dividend record date without (ex) dividends, which made it possible to obtain multiple returns of capital gains tax that had only been paid to the German tax authorities once.

      • MinnesotaGoddam@lemmy.world
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        4 hours ago

        Ah gotcha. Thank you for the actual explanation and link it’s a clever but blatantly naked fraud. One of those things that you’d think the only reason they got caught is because they pushed it too far.

      • MinnesotaGoddam@lemmy.world
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        10 hours ago

        what i mean is, is it short for something. i would have known about that, i feel like i should have known about that, that was my profession. i had clients in germany. just, i legitimately have two missing years in my memory.

        it means WithWith or WithOut as far as i know. give me a little, i’m not googling Cum Cum

        • raspberriesareyummy@lemmy.world
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          10 hours ago

          Basically, very rich people got reimbursed taxes for losses that never manifested (or twice for the same thing, I think both schemes existed)

          • MinnesotaGoddam@lemmy.world
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            9 hours ago

            that’s not what i’m asking. i know how to buy losses. i can set you up with losses if you want to buy losses, same way the rich folk are doing. it’s a very uncomplicated scheme. i’m asking what the Cum and Ex in CumCum or CumEx are short for so i can look it up and do my own research without googling Cum how much more explicit can i be

            like how FedEx means Federal Express

            • raspberriesareyummy@lemmy.world
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              8 hours ago

              that I can’t help you with, I never cared enough about the exact terminology for “billionaire parasites stole billions from the German taxpayer and got away with it”

              • MinnesotaGoddam@lemmy.world
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                8 hours ago

                right right when i wrote that comment, i had just been on hold for four godsdamned hours and then they answered. and then my phone’s battery died. this fucking day i hate being on hold they are going to go home before they answer again.