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
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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.