Div-Arb: Prosecutor Targets Commerzbank For Deals That Dodge German Taxes

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German prosecutors have expanded an ongoing investigation of international tax-avoidance deals to cover questionable trades exposed last week by ProPublica and other media partners. Handelsblatt, which collaborated on the report along with German public broadcaster ARD, reported that Commerzbank is the target of the new inquiry for its involvement in the trades, which cost German taxpayers…

(Source: ProPublica, Hiram Henriquez)

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