Hearing before the BGH Are CumEx transactions a criminal offense?

Status: 15.06.2021 4:41 p.m.

The first proceedings on CumEx transactions have begun at the Federal Court of Justice. The judges must decide whether the deals are a criminal offense as tax evasion. The verdict will have far-reaching consequences. From Klaus Hempel, ARD legal editors They led to one of the biggest tax scandals in German history, in which the German tax authorities were duped and the state suffered billions in damage: the CumEx business. Investors used loopholes in legal regulations to make big money. They were supported by banks and top lawyers who work in large commercial law firms.

The state escapes taxes running into billions

Essentially, these CumEx deals were about stock dividends. These are profits from stock corporations that are distributed to shareholders. Taxes are deducted directly from this and transferred to the tax office. The shareholders can get the money back under certain conditions. In the CumEx business, investors have used an extremely sophisticated system and have taxes reimbursed that were never paid. At some point the dizziness was exposed. In March 2020, the first defendants were convicted by the Bonn District Court: two British stock traders involved in such transactions. Because they cooperated closely with the prosecutor, they were sentenced to relatively mild suspended sentences. Nevertheless, they appealed to the Federal Court of Justice. He must now clarify in a landmark judgment whether the CumEx business is actually a criminal tax evasion. “In the present proceedings, the Federal Court of Justice is dealing for the first time with so-called CumEx transactions from the point of view of tax evasion,” explains Chief Public Prosecutor Thomas Heise from the Federal Prosecutor’s Office. “He will decide whether the peculiarities of these transactions allow a tax that has not actually been paid to be reclaimed from the tax authorities.”

June 15, 2021

Warburg-Bank rejects responsibility

One of the two stock traders had earned 14 million euros from the deals, which he is supposed to repay. The private bank MM Warburg was also involved in the business. According to the judgment of the Bonn Regional Court, 176 million euros are to be collected from her. The bank is defending itself against this at the BGH. Your lawyer Ali Norouzi believes that the law does not justify skimming off the funds. “There were no representatives of the bank in the dock, but traders from other companies who traded for their own account and not for the bank,” argues Norouzi. “They made substantial profits and damaged the bank considerably. Their actions cannot be attributed to the bank.”

06/01/2021

Judgment expected at the end of July with far-reaching consequences

Nevertheless, the public prosecutor said that the millions in profits would have to be collected. The Bonn Regional Court followed this legal opinion. The Federal Court of Justice now has the final say. He plans to announce his verdict at the end of July. His decision is very significant for the lower level of justice. Hundreds of suspects are being investigated for tax evasion nationwide. If the BGH evaluates the CumEx transactions as criminal tax evasion, there will probably be further convictions in which those primarily responsible must expect long prison sentences. File number: 1 StR 519/20

In the Declaration, Member States signed a commitment to “provide a safe and appropriate environment for journalists” and to “investigate, prosecute and punish threats and acts of violence” against to journalists. Marking the first session of UNGASS working in the field of prevention and combating corruption, the Declaration called for effective international cooperation and stronger preventive measures to protect reporting and denouncing parties. and fight against corruption. This statement highlights the role of law enforcement officials, prosecutors and the judiciary as key actors in anti-corruption law enforcement, promoting transparency and the rule of law. The declaration was welcomed by the G7 Ministers and the High Representative of the European Union, who issued a joint statement reaffirming the important role of civil society and the free media in combating corruption. . The G7 affirmed that it will “protect and promote the right of access to information for all citizens, including civil society organisations, media and journalists”. UNESCO contributed to a side event about the importance of protecting journalists and strengthening the implementation of the Sustainable Development Goals (SDGs). As a watchdog monitoring Indicator 16.10.2, SDG 16 on ensuring public access to information and protecting fundamental freedoms, UNESCO has emphasized protecting and promoting the regulated press. investigation as an important part of the fight against corruption. “Investigative journalism and the press in general play an important role in bringing allegations and cases of corruption to light. Therefore, it is extremely important to ensure a safe and free environment. for journalists to assist it in uncovering corruption, money laundering to other organized crime.” – Mr. Guilherme Canela, Head of UNESCO’s Division of Freedom of Expression and Safety of Journalists UNESCO’s designation as a watchdog for SDG Target 16.10.2 has provided a key impetus for the organization to step up efforts to promote public access to information. Based on the monitoring results of SDG 16.10.2, UNESCO plays an important role in strengthening the United Nations’ support for the development of policies and laws on access to information, to protect the right to equal participation. equality as well as providing tools for civil society and the media, informing citizens, enhancing transparency of procurement, budgeting and many other areas of public life. In just four years, UNESCO has assisted 14 countries in passing Access to Information legislation. As a result, the public is informed to participate actively in public debates with decision-makers, including in the development of public policy and legislation. “Access to information allows citizens to obtain information held by public authorities, including the right to request and receive information, and the government’s obligation to proactively disclose information.” – Mr. Jaco du Toit, Head of UNESCO’s Global Access to Information Department Thông The Declaration of the 14th United Nations General Assembly on Crime Prevention and Criminal Justice recognized the uniqueness of the threats facing journalists and called for global cooperation to change the situation. new to end immunity for crimes against journalists. To that effect, since 2013, UNESCO and its partners have trained more than 18,000 judicial authorities and 8,500 security forces on international and regional standards for freedom of expression, to promote promote a freer and safer environment for journalists and media workers around the world. Quynh Hoa According to UNESCO

Recently, female reporter Ngoc Ha – the wife of People’s Artist Cong Ly appeared beautiful and seductive at an event. The beauty wore a sophisticated lace dress, showing off her elegant and arrogant beauty. Ngoc Ha is commented to be more and more beautiful and seductive after getting on a flower car with People’s Artist Cong Ly last January. Owning an impressive height and sweet beauty, the wife of People’s Artist Cong Ly is not inferior to any famous person in terms of stature and beauty. She is also very careful in fashion style every time she appears. Possessing a round face and charming dimples, Ngoc Ha is always radiant in every frame. Cong Ly’s wife was also praised for her slender, seductive beauty. She is considered a ‘follower’ of brand name not inferior to any Vietnamese star. After getting married in January, Ngoc Ha and People’s Artist Cong Ly often showed their intimate affection and hard work interacting on social networks. Cong Ly’s wife is also very diligent in giving housework to take care of “Co Dau”. Not only that, Ngoc Ha is also a fashion consultant, helping People’s Artist Cong Ly to change his image to be more attentive and professional than in public. She is also the consultant, choosing the outfit for Cong Ly so that he can be more attentive every time he appears on the screen.

The audience could not help but feel frustrated when they heard that the director locked Gal Gadot in a secret room because she refused to film sensitive scenes.

Specifically, when director Zack Snyder left the Justice League project in 2017, director Joss Whedon was led by Warner Bros. invite and supervise filming. Since then, Joss Whedon requested to return 75% of the film, “cutting” the original script quite deeply. At that time, Warner Bros. wanted to change the direction of the DC universe in the bright, humorous style of Marvel. Joss Whedon is also the director of the blockbuster Avengers every day, so the leader of this company entrusted the project Justice League. However, when it was released in theaters in 2017, Justice League was hated by professionals and fans because it was too bad, many “sexualized” segments of Wonder Woman.

During the campaign to release the movie Zack Snyder’s Justice League, actor Ray Fisher (playing Cyborg) has repeatedly voiced the actions “disgusting, bullying, unprofessional, unacceptable. “okay” by Joss Whedon on set. Both Gal Gadot and actor Jason Momoa (playing Aquaman) have voiced support for Ray Fisher. Warner Bros. The announcement has held a special investigation related to the incident, but did not publish the results of the investigation.

Recently, the news site The Hollywood Reporter revealed many controversial developments on the set of Justice League, especially regarding actress Gal Gadot.

The female star was not satisfied with the new direction the film exploited her Wonder Woman character, as well as the lines she had to say. Because of that, Joss Whedon is said to have threatened Gal Gadot’s career if she did not obey. Even he threatened to “lower the honor” of Patty Jenkins – director of blockbuster Wonder Woman series, who is also close to Gal Gadot.

A witness at the studio revealed that Joss Whedon also bragged to everyone about his intimidation of Gal Gadot, admitting that he deliberately forced the actress to say lines that she would certainly not like. “He told Gal Gadot that he was the writer, she would have to ‘shut up’ and read the lines, and then he could make Gal Gadot extremely stupid in this movie.”

This controversial scene is believed to be the intentions of Joss Whedon

Previously, it was reported that Joss Whedon locked Gal Gadot in a waiting room because she refused to film Flash falling on Wonder Woman’s chest. That shot was still shot by Joss Whedon with a stuntman, and even appeared in the official Justice League theatrical release.

Three months after Justice League hit theaters, director Joss Whedon withdrew from DC’s Batgirl project in development. When asked to respond to the charges on the Justice League studio, he declined to comment.

Before this new information, many viewers expressed anger and anger because Gal Gadot was unfairly treated and humiliated: “Inviting rival film director to make filmmaking, an unexpected move of Warner Bros”, “Joss Whedon is so heavy.”, “It feels like this Joss Whedon has a grudge against DC. No one can make such a bad movie “,” There is one more reason to hate this man. Dare my sister Gal Gadot! ”…