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.
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.
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.
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.