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Karlsruhe (dpa) - A good year after the verdict in the very first criminal case for controversial “Cum-Ex” deals, the Federal Court of Justice (BGH) wants to negotiate the revisions on June 15.
This was announced by the chief criminal judge in Karlsruhe on Friday.
In principle, they could announce their verdict on the same day, but that is unlikely in such a complex process.
(Az. 1 StR 519/20)
On March 18, 2020, the Bonn district court sentenced two British stock traders to suspended prison terms.
One of them is also supposed to repay around 14 million euros in tax debts.
A good 176 million euros are to be collected from the private bank MM Warburg, which had benefited from the deal.
Up until the ruling, it had not been clarified whether cum-ex transactions are only inadmissible under tax law or whether they are also criminal.
Banks, investors and funds pushed back and forth shares with (“cum”) and without (“ex”) dividend entitlements around the dividend cut-off date.
The goal: to get taxes reimbursed that were not paid at all.
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According to the BGH, all those involved have appealed.
One of the defendants and the bank want to avert the threatened payment of money.
The second defendant is against his conviction altogether.
The public prosecutor sees errors in the confiscation decision.
© dpa-infocom, dpa: 210409-99-139726 / 2
Announcement by the BGH