AmaBhungane has reported extensively on information suggesting Investec’s complicity in massive tax fraud here, here and here.
Cum-ex transactions involve several parties colluding to trade shares in a company right before and after dividends are declared. The aim, as we explain in our introduction to cum-ex scams, is to generate two claims for a refund of dividend withholding tax that has only been passed once.
Read the full article by Ray Mahlaka at Daily Maverick.
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