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The CumEx-Files – How Europe's taxpayers have been swindled of €55B

cumex-files.com

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Re: The CumEx-Files – How Europe's taxpayers have been swindled of €55B

#21

Post by GeneralMayhem »

buboard wrote: post #11
GeneralMayhem wrote: post #8

Earlier quoted context omitted.

Possibly confusion by someone who's used to the long scale? In Danish, as in most non-English European languages, the cognate of "billion" means trillion (10^12).

> in most non-English European languages i dont think that's true

https://en.wikipedia.org/wiki/Long_and_short_scales#Long_sca...

The UK is the only place in Europe where "billion" means 10^9; in Eastern European languages, there simply isn't an equivalent word, and everywhere else it means 10^12.

Re: The CumEx-Files – How Europe's taxpayers have been swindled of €55B

#23

Post by sparkling »

The missing transparancy disclaimer: "The Cumex files" is headed by "Correctiv", a german based "journalist network" which receives large parts of its funding by german goverment organizations and/or organizations which have close gov connections. But: the german goverment itself was aware of this scheme since at least 2002.

Also: this is a drop in the ocean compared to EU-internal tax loop holes and tax havens such as Luxembourg.

Re: The CumEx-Files – How Europe's taxpayers have been swindled of €55B

#25

Post by leaveyou »

GeneralMayhem wrote: post #21
buboard wrote: post #11

Earlier quoted context omitted.

> in most non-English European languages i dont think that's true

https://en.wikipedia.org/wiki/Long_and_short_scales#Long_sca... The UK is the only place in Europe where "billion" means 10^9; in Eastern European languages, there simply isn't an equivalent word, and everywhere else it means 10^12.

in romanian it's like in French: million = milion, billion = miliard

Re: The CumEx-Files – How Europe's taxpayers have been swindled of €55B

#26

Post by kartan »

flexie wrote: post #19
Reason077 wrote: post #2

”Tax payers have lost up to €2 billion, that’s nearly €350,000 for every Danish man, woman and child.” You sure about that math, cumex-files?

Danish tax payers have lost around EUR 1.7B. That's around EUR 300 for every Dane. Still a lot, but a lot less than they claim. I have two takes on this: 1: The Danish tax authorities have been extremely careless in the administration of the rules. They didn't even check that the people owned the shares they claimed to own. Virtually all of it was approved by one employee with zero oversight. 2: Different internation…

> They didn't even check that the people owned the shares they claimed to own

Yes. But people hates bureaucracy.

A common answer is'why do I need to present another document in the tax office?'

At least now Danish citizens have an answer. 'to avoid losing 1.7B'

bureaucracy is a remedy to a problem. It can be done right or wrong, but it's not bad by itself.

Re: The CumEx-Files – How Europe's taxpayers have been swindled of €55B

#27

Post by PunchTornado »

buboard wrote: post #12

It would be nice if they could cut to the chase instead of playing pretend Dostoyevski.

I don't mind the style. Works for those who have some downtime at work. But you should definitely include a summary for the rest of us.

Re: The CumEx-Files – How Europe's taxpayers have been swindled of €55B

#28

Post by chvid »

Reason077 wrote: post #2

”Tax payers have lost up to €2 billion, that’s nearly €350,000 for every Danish man, woman and child.” You sure about that math, cumex-files?

From observing this story in the danish media, there is a lot of fishiness about it.

The numbers are just too big for it to make sense. And I would not be surprised to see some of it coming down to the lack of math skills (or what you call it?) amongst journalists. How can anyone arrive at a result like that and not look one more time at their calculation?

Embarrassing really.

With all the fuzz about Sanjay (the alleged perpetrator) why hasn’t the danish police issued an international arrest order for him? Regardless if he is sitting in Dubai.

Re: The CumEx-Files – How Europe's taxpayers have been swindled of €55B

#29

Post by z3t4 »

GeneralMayhem wrote: post #8
Reason077 wrote: post #2

”Tax payers have lost up to €2 billion, that’s nearly €350,000 for every Danish man, woman and child.” You sure about that math, cumex-files?

Possibly confusion by someone who's used to the long scale? In Danish, as in most non-English European languages, the cognate of "billion" means trillion (10^12).

In Sweden there's miljon ^6, miljard ^9, biljon ^12, biljard ^15 (also means pool table) and triljon ^18. I once had to ask if "milj" meant miljon or miljard and they refused to answer and said I should look it up in a dictionary. This was a government contract.

Re: The CumEx-Files – How Europe's taxpayers have been swindled of €55B

#30

Post by morsch »

sparkling wrote: post #23

The missing transparancy disclaimer: "The Cumex files" is headed by "Correctiv", a german based "journalist network" which receives large parts of its funding by german goverment organizations and/or organizations which have close gov connections. But: the german goverment itself was aware of this scheme since at least 2002. Also: this is a drop in the ocean compared to EU-internal tax loop holes and tax havens such…

A disclaimer implies there is something to disclaim, such as a financial conflict of interest - what reason for a disclaimer are you imagining?

Besides, they literally have a link to a page with detailed financial information, including every organization that gave them more than 1000 EUR to them.

Most of their funding in 2017 came from private parties not affiliated with any government. I can't find any numbers for 2018, which is a shame.

https://correctiv.org/en/about-us/

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