Tax & Legal

The Federal Government has presented a comprehensive action plan aimed at strengthening the fight against tax evasion, financial crime, money laundering and related forms of organized crime. The package is intended to pool responsibilities, increase investigative pressure, modernize data-based enforcement and ensure that serious tax offenses are sanctioned more effectively.

The Bundesrat has tabled a draft bill (21/6377) aimed at strengthening asset recovery in relation to Cum/Ex short-selling transactions and all those involved. The aim is to clarify that confiscation from a third party is unambiguously possible even if that party received the proceeds ‘for the offence’ as an “advanced payment”.

The Federal Cabinet today adopted the Common Action Plan against Organized Crime. It was jointly developed by the Federal Ministry of Finance, the Federal Ministry of the Interior, and the Federal Ministry of Justice and Consumer Protection.

The draft bill is being (re-)introduced to combat serious tax evasion executed via organised -"gang"- structures. The current law is limited to organised evasion of VAT and excise duties.