VOICED : Scholz desmiente haber intervenido en caso de fraude fiscal en Alemania

The Cum-Ex scandal involves a tax fraud scheme where banks helped investors avoid taxes on dividends. Olaf Scholz, the German Chancellor, denied exerting pressure in this case during a parliamentary investigation. The scheme involved banks like Warburg, which initially avoided paying taxes but later had to comply due to government pressure. The scandal has implicated numerous financial professionals and affected several countries. Scholz's popularity has suffered as a result.

What was the primary purpose of the Cum-Ex scheme?

• To increase bank profits

• To evade international sanctions

• To reduce foreign investors' tax liabilities on dividends

• To support local businesses

Which bank was notably involved in the Cum-Ex scandal in Hamburg?

• Deutsche Bank

• Commerzbank

• Warburg Bank

• Volksbank

Why did the Hamburg city authorities initially decide not to reclaim the 47 million euros from Warburg Bank?

• To support the local economy

• Because of political pressure

• Due to a lack of evidence

• As part of a legal settlement

What was the role of Angela Merkel's government in the Warburg Bank case?

• They ignored the case

• They pressured the bank to pay the owed taxes

• They provided financial aid to the bank

• They supported the bank's decision

How has the Cum-Ex scandal affected Olaf Scholz's political standing?

• It has had no impact

• It has led to his resignation

• It has decreased his popularity

• It has increased his popularity