Postponed profits: tax authorities target German tax havens – Economy

Tax offices should check whether companies are only ostensibly settling in places with low business tax. There are even “virtual company offices” that can be used to drastically reduce taxes on local authorities.

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Ramona Dinauer, Annette Kammerer, Sebastian Krass and Klaus Ott, Munich

What do German villages and towns like Gallin, Kemnath, Zossen or Graefelfing have in common with beautiful islands in the Caribbean like the Cayman Islands? Quite simply: they are all paradises, even if beaches, palm trees and the sea are missing. They are tax havens, also known as tax havens. In other words, places that well-to-do people can use to reduce their tax payments. Zossen in Brandenburg, Kemnath in the Upper Palatinate, Graefelfing, Grünwald and Pullach near Munich or Monheim am Rhein and a few other places are trade tax havens. A total of tens of thousands of companies are probably only officially based here because they don’t have to pay any taxes. The state is likely to lose a billion euros a year.

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