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Germany’s Scholz Denies Influencing Dividend Tax Scandal Case Now Haunting Him

  • Dividend tax scheme case hits Scholz as popularity sags
  • Warburg lobbied to get out of repaying massive Cum-Ex windfall
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Olaf Scholz said he had no role in a decision not to claw back 47 million euros ($47.4 million) in tax refunds that private bank M.M. Warburg & Co. had generated from Cum-Ex deals, a controversial decision that’s been hanging over the German Chancellor for several years. 

“I had no influence on the Warburg tax procedure,” Scholz said in a parliamentary hearing in Hamburg. “Such claims are wrong.”