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German Deutsche Bank Named in Major Tax Scams

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German Deutsche Bank Named in Major Tax Scams

Postby bill cobbett » Fri Apr 05, 2013 2:08 pm

The International Consortium of Investigative Journalists have conducted a massive world-wide investigation of tax-avoidance and money laundering by thousands of people and orgs in the world's global off-shore scams. Today sees the start of the publication of gigabytes of data they have gathered.

Deutche Bank is revealed to have "worked aggressively" to hide client's money in the British Virgin islands and elsewhere.

..."Many of the world’s top’s banks – including UBS, Clariden and Deutsche Bank – have aggressively worked to provide their customers with secrecy-cloaked companies in the British Virgin Islands and other offshore hideaways..."

This is the start of the story. We are promised many more very embarrassing revelations over the next few days.

Very lengthy report at ... http://www.icij.org/offshore/secret-fil ... bal-impact
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Re: German Deutsche Bank Named in Major Tax Scams

Postby repulsewarrior » Fri Apr 05, 2013 6:21 pm

...the story broke in Canada with a list of 450 Canadians' shady dealings in Bank Havens, including a Senator and her husband who is a leading Lawyer too.
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Re: German Deutsche Bank Named in Major Tax Scams

Postby Get Real! » Fri Apr 05, 2013 6:24 pm

The world's biggest bank must've accomodated more dodgy money than the rest in the world combined.
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Re: German Deutsche Bank Named in Major Tax Scams

Postby bill cobbett » Fri Apr 05, 2013 11:08 pm

English edition of Der Spiegel starts with this on the involvement of Deutshe Bank in off-shore tax-avoidance schemes...

...As part of an international reporting project on offshore companies and trusts, two German newspapers are reporting that Deutsche Bank helped to establish some 300 such entities through its operations in Singapore. The news isn't entirely new, but criticism of the company is growing.

Of the institutions under scrutiny by an international consortium of investigative journalists, Germany's Deutsche Bank appears to be a significant European player in the flow of offshore money. Research by German public broadcaster NDR and the Süddeutsche Zeitung newspaper has found that the company has helped to maintain more than 300 secretive offshore companies and trusts through its Singapore branch. Most of these are located in the British Virgin Islands..."


... and from which we learn that Deutshe Bank had 500 subsidiaries in off-shore tax havens...!!!

Remainder at... http://www.spiegel.de/international/bus ... 92739.html
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