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Nonetheless, its adoption represents quite an historic moment. In accordance with the Geneva Convention, Germany will remain obliged to accommodate people fleeing persecution in other countries. This rule protects working asylum seekers from being deported for a maximum of five years.
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In cases of doubt they have preferred to deport people rather than to grant work permits. This term means that rejected asylum seekers could then use the opportunity to become migrant workers. The coalition partners doggedly argued this matter, with the union rejecting it. Officially, the union has pushed this idea through but, in practice, the forthcoming law is intended to prevent rejected asylum seekers who are working from having to leave Germany again. It is debatable whether so many people actually want to come to Germany to work.
While Germany is the most popular country in Europe for immigration, most economic migrants from all over the world want to go to the USA.
Cum-ex deals revisited
In the future, there should be specific promotion campaigns abroad for this purpose. However, this does not solve one problem: in order to receive a work permit, foreign applicants have to demonstrate German language skills. However, aside from around million people in Germany, Austria and Switzerland, hardly anyone in the world is able to speak German. Kanada: Das beinahe bessere Amerika. You needed buyers to be taxed in Germany, short sellers borrowing the shares from various sources including pension and investment funds; and you needed lenders and brokers to make the deals happen.
The role of Germany's biggest lender Deutsche Bank in the deals will also be scrutinized.
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Frederik Richter from the German research network Correctiv told DW that the German Finance Ministry got wind of dubious cum-ex deals as early as , but didn't act right away. Meanwhile, former legislative loopholes have been plugged in Germany. There was an amendment in but that didn't go far enough. Another amendment followed in , making cum-ex deals in their previous form impossible.
Editor's note: Deutsche Welle follows the German press code, which stresses the importance of protecting the privacy of suspected criminals or victims and obliges us to refrain from revealing full names in such cases. Authorities in the western German state of North Rhine-Westphalia have intensified their investigations into a possible large-scale tax fraud. More than banks may have been involved in so-called cum-ex trades.
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Cologne's public prosecutor has submitted charges against two British stock brokers for their involvement in the scandal. But those accused of wrongdoing have said they only exploited a "legal" loophole. Frankfurt prosecutors say officers were involved in raids on 19 premises in four German states. They are part of the decadelong investigation into tax fraud involving banks and stockholders.
However, this shady tax avoidance practice has cost them and the treasury a lot of money.
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Mario Draghi has officially stepped down as head of the European Central Bank at a farewell event in Frankfurt. Two men in their seventies have been shot by a fellow pensioner in the Basque region of France. They interrupted the man as he tried to set fire to a mosque.
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Police later arrested the suspect. The filings were made in response to a highly unusual move by lawyers for Trump, his family and his company seeking to quash congressional subpoenas issued to Deutsche Bank and Capital One, a second institution he banked with. Earlier today, a federal judge in New York declined to issue a preliminary injunction to block the subpoenas. During the hearing in which he delivered that ruling, U.
Trump, his family, or business. The podcast explores some eyebrow-raising Trump-related moves by the bank:. Like Trump, Deutsche Bank has been scrutinized for its dealings in Russia. And so there are a lot of coincidences here. Listen to the episode. You can contact us via Signal, WhatsApp or voicemail at Support our work by visiting donate.