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Prosecutors Open Dividend-Tax Probe After Commerzbank Report

  • Investigators open `cum-cum' tax review after media reports
  • Trades give foreign investors share of tax breaks for locals
Updated on

Frankfurt prosecutors opened a probe into loopholes that are used to reduce taxes on dividends after media reports linked Commerzbank AG to the controversial trades.

A special unit targeting tax evasion and other business crimes is looking into transactions handled by a lender, Alexander Badle, a spokesman for the General Prosecutor’s Office, said in an e-mail. He declined to name any suspect or bank involved.