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The CumEx-Files is an investigation by a number of European news media outlets into a tax fraud scheme discovered by them in The network stole several billion Euros from the treasury, through what Correctiv calls a "cum-ex" trade: The participants in the network would lend each other shares in large companies, so that to tax authorities there would appear to be two owners of the shares, when there was only one. The bank that was used in stock trading would then issue a "confirmation" to the investor that tax on the dividend payment had been paid, without it being done. The name "cum-ex" is derived from Latin , meaning "with without", and refers to the disappearing nature of the fraudulent dividend payments. In cum-ex trades, shares with and without dividend rights were quickly traded between various market participants just before the payout date for the dividend, allowing traders to reclaim double the taxes. Financial institutions in essence exploited a legal loophole which allowed two parties to simultaneously claim ownership of the same shares, therefore allowing both to claim tax rebates to which they were not entitled.
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SHEMALE CUM GIFS | Page 3 | XNXX Adult Forum

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Your comments(12)
  1. Narts48

    I'd definitly enter

  2. bigdick869

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  3. MRlickurlips24.01.2021

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  4. AlexBigDickTeen17.01.2021

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    you sleep naked?

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  11. bonehead8019.01.2021

    This is great! Hope to see some more pics!

  12. direttore24.01.2021

    Gorgeous figure. Gotta love that ass

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