Germany Cracks Down on Money Laundering, Tax Fraud Germany's announcement of a 26 point action plan to combat tax evasion and money laundering has sparked mixed reactions among its citizens.
The government claims it is cracking down on those who conceal their income from the tax authorities, but some question whether this effort will be more than just a publicity stunt.
The Cum Ex scandal has plagued Germany's financial system for over a decade. This brazen scheme allowed companies to claim back taxes on dividends that had already been paid.