Azizur Rahman | 1 October 2025
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The long-term impact of the controversial share-selling practice Cum-Ex was outlined in an article by Rahman Ravelli.
In this piece, which was published by Solicitors Journal, Rahman Ravelli explain how Cum-Ex worked and the effect it had on state treasuries, who paid out billions in tax rebates as a result of it.
Rahman Ravelli also detail some of the efforts that those authorities are still making to recoup their money years later.
Cum-Ex, Rahman Ravelli concludes, was a short-lived practice that “had a seismic effect on the finances of various states – and the aftershocks will be felt for a long time yet.’’
The full article can be read here.
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