Financial crime: NRW tax investigators are imagined to catch the “big fish”. | EUROtoday

The new North Rhine-Westphalia state workplace for combating monetary crime is meant to focus notably on the “giant Fish” take care. With the extra positions accepted earlier than Christmas, a brand new topic space will probably be set as much as fight the cum-cum rip-off, introduced North Rhine-Westphalia Finance Minister Marcus Optendrenk (CDU). The state workplace is now absolutely operational.

In cum-cum offers, shares held by international traders are transferred to home shareholders, reminiscent of banks, shortly earlier than the dividend report date. These can then be offset in opposition to capital good points tax or refunded. The shares and dividends are then returned and the tax financial savings are shared.

Cum-cum offers are thought of the large brother of cum-ex offers, with which the state was cheated out of a double-digit billion quantity between 2000 and 2020, in line with estimates by Mannheim monetary scientist Christoph Spengel. In distinction to cum-ex transactions, the processing of cum-cum offers continues to be in its early levels.

What the brand new state workplace continues to be specializing in

Another focus of the brand new state workplace with 1,200 staff would be the combat in opposition to tax fraud with bogus workplaces in commerce tax havens. This was preceded by probably the most complete structural reform within the historical past of the NRW monetary administration.

Optendrenk expects better effectivity by way of the brand new constructions. The information about fraud complexes is now accessible to each tax investigator nationwide. Task pressure items might work independently of the areas of the respective tax investigators.

In addition, using synthetic intelligence is being examined to be able to rapidly determine connections in giant quantities of information. Special tax investigation items are supposed to trace down gross sales tax carousels and terrorist financing.

The state workplace at the moment has a report occupancy of virtually 99 % of investigators. Optendrenk criticized the federal authorities: The site visitors gentle years had been misplaced years for the prosecution of organized monetary crime.

© dpa-infocom, dpa:250107-930-337250/1