ZEW Research Associate Christoph Spengel in EU Parliament Hearing on Cum-Ex Deals

Professor Christoph Spengel, research associate at the Centre for European Economic Research (ZEW), Mannheim, and Chair of Business Administration and Taxation II at the University of Mannheim, will provide his expertise on the so-called cum-ex deals to the European Parliament at a public hearing. The legislative body of the European Union has asked Spengel to comment on these highly complex and controversial dividend-stripping schemes.

In recent months, cum-ex deals have increasingly been described as a tax scandal the likes of which Germany has never seen before. The damage: multibillion-euro losses in tax revenue. There is evidence that some 40 German banks, including several regional state banks, and companies were involved in these dividend-stripping schemes.

As an expert, Christoph Spengel will give a five-minute statement before the EU Parliament at the hearing, which will take place on 26 November, from 7pm to 8:30pm. A detailed economic policy analysis of cum-ex and cum-cum deals can be found in the ZEWnews English edition.