Re:Germany’s dividend-stripping tax scandal
by kurthr on Thursday June 08, 2017 @08:07AM
(#14513522)
If you tried to double count R&D spending with a subsidiary and request both tax credits in excess of your liabilities, then yes... I'd say you still owe taxes, interest and penalties.
That is what the article is about, claiming the same tax rebate for the legal fiction that there are 2 simultaneous owners of a stock due to a short sale.
If you allow that, why not let me sell your short sale short, and then sell that short so that there are 8,16, or 32Billion rebates to be had.
Legal fiction is the key... and yes, they let lobbyists rewrite the law promising they wouldn't exploit the new one, but they were caught doing it again (on the excluded foreign accounts).
That is what the article is about, claiming the same tax rebate for the legal fiction that there are 2 simultaneous owners of a stock due to a short sale.
If you allow that, why not let me sell your short sale short, and then sell that short so that there are 8,16, or 32Billion rebates to be had.
Legal fiction is the key... and yes, they let lobbyists rewrite the law promising they wouldn't exploit the new one, but they were caught doing it again (on the excluded foreign accounts).