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German finance industry racks up $8 billion in costs from giant tax fraud scheme, watchdog survey shows

Published on: Monday 13 July 2026

German finance industry racks up $8 billion in costs from giant tax fraud scheme, watchdog survey shows FRANKFURT, July 13 (Reuters) - German financial firms face costs of around €7 billion ($8 billion) for their alleged role in a German tax fraud that has ensnared scores of banks and hundreds of


News source: https://www.aol.com/articles/german-finance-industry-racks-8-121159000.html

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