By means of a complicated design, wealthy people with securities trading are said to have reduced their tax burden by many millions of euros.
(Photo: Imago)
Cologne The Munich I public prosecutor’s office is making serious allegations against a few dozen consultants and 44 high-net-worth taxpayers. They are said to have evaded hundreds of millions of euros in taxes through novel tax tricks.
In its search warrant of September 15, 2021, which is available to the Handelsblatt, the Munich public prosecutor’s office writes of “acts of particularly serious tax evasion”. The accused had “contrary to their duty to provide incorrect or incomplete information in order to conceal the existence of tax evasion”. Most of the suspects are or have been successful entrepreneurs. It is a shock for them to be suspected of serious tax evasion.
Not only are taxpayers targeted by public prosecutors, but also finance and consulting firms. In particular, the company Co-Invest from Planegg near Munich is accused of having devised and sold a tax evasion model that is illegal from the point of view of the criminal prosecutors. When asked, Co-Invest did not comment on the allegations. Employees of a tax consultancy also belong to this group of suspects.
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