As the Cum-Ex scandal gathers momentum across Europe, The Times asked Rahman Ravelli’s Senior Partner Aziz Rahman for his thoughts on it and the possible implications for the UK.
Aziz noted that the Criminal Finances Act 2017 requires companies to prevent the facilitation of tax evasion, but cum-ex activity predates that legislation. He commented that inquiries and investigations in the UK are “very likely”, particularly into the activities of banks that facilitated the transactions.
Aziz’s comments featured on The Times website, to read the full article click here. (Subscription required)