Transactions of German banks abroad with the primary purpose of evading taxes due on the same activity in Germany. Often, this also includes the escape from monitoring money laundering. – Although so-called “investigative journalists” repeatedly reported on such alleged transactions in a highly media effective manner, thus fueling a shitstorm against banks, the supervisory authority found no evidence of such machinations. – See bank bashing, blog, financial asophy, financial dumbass, financial vulture, financial vulture, financial sodomite, financial terrorist, money sucker, internet forums, know-nots, corporate, misochrematism, Twitter, conspiracy theories. – Cf. Annual Report 2013 of BaFin, p. 108 (no evidence of abusive transactions by German institutions).
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