Hesse to Seize Cum-Ex Profits

The state of Hesse in Germany is targeting profits generated by illegal stock trading (Cum-Ex) involving short sellers. Justice Minister Heinz believes this could yield an additional €50 million for the state and is proposing the move to the Bundesrat (Federal Council). This action aims to recover funds illegally obtained during the 2002-2007 tax avoidance scandal, a significant financial issue for Germany.

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