World’s Biggest Banks Helped Clients Steal $63 Billion in Taxes in Europe

in #tax6 years ago

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Europe’s top banks allegedly helped wealthy clients across the continent steal 55 billion euros ($63 billion) from multiple governments by making tax reclaims to which they were not entitled, an investigation has revealed. The theft centred around a complex scheme of trading stocks that also involved hedge funds and large international commercial law firms.

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