Zumwinkel Pays Fine, Avoids Prison

Yesterday I reported on Claus Zumwinkel, the former head of Deutsche Post AG, the German mail and logistics giant. Mr. Zumwinkel admitted last week that he evaded paying taxes on €970,000. Presiding Judge Wolfgang Mittrup said Zumwinkel had “knowingly, meticulously, enduringly and thus criminally evaded taxes.”

He received a two year suspended sentence and must pay a fine of €1 million. Mr. Zumwinkel already paid back €3.9 million in back taxes covering 1997 – 2006. Prosecutors asked for a suspended sentence and the judge agreed.

In Germany (and in the United States) it’s a whole lot easier to just pay your taxes when they’re due than to evade paying them.

Spiegel Online Story
AP News Story

This entry was posted in Tax Evasion. Bookmark the permalink.