Bucking the Shadows: 176 Million Euros in Undisclosed Taxes in Saxony
Illicit Tax Avoidance: Over 176 Million Euros Swindled in Saxony - Unreported Tax Revenues: Over 176 Million Euros at Stake in Saxony
Let's talk about the big bucks! Over 176 million euros worth of unpaid taxes from 2024 judgments and penalties and tax fraud cases in Saxony were unveiled by the Ministry of Finance [1]! This eye-popping figure was revealed in response to a query from MP Susanne Schaper (Left) [2]. The Left's shrewd sleuth showed that since 2010, this stunning figure has been hitting the tens of millions almost every year, except for 2021, which clocked in at a whopping 129.2 million! You might wonder, "Where did these suspiciously huge figures come from?" Some days ago, "Sächsische Zeitung" and "Leipziger Volkszeitung" had already spilled the beans [3].
Schaper, not one to be starstruck, grabbed the bull by the horns and declared, "That's just the tip of the iceberg" [4]! Even while applauding the investigators' victories, she pointed out that these seizures represent only the scandals that the authorities have managed to sniff out. According to her, the real figure is undoubtedly bigger, lurking in the shadows, waiting to be unearthed. In her book, more personnel would be a bargain since they'd generate more coin than the cost itself [4]. Sticking to her guns, she called for reinforcements in tax investigation, especially when it comes to the corporate sector. The finance ministries need to tighten their belts and go in for a thorough checkup!
The number of reports of tax evasion has held steady, folks, according to the Ministry of Finance. In 2024, a total of 8,645 reports crossed their desk, compared to 8,737 in 2023 [5]. Between 2010 and 2014, the number of reports was consistently in the thousands. To keep our eyes on the prize, it's good to remember that in Saxony, what isn't declared doesn't exist!
- Saxony
- Tax Evasion
- Transparency
- Governance
- Susanne Schaper
- Financial Crime
- BMF
- Coordination and Enforcement
- Cryptocurrency
- Digitalization
- Economic Reform
[1] Saalfeld, P. (2024). Tax Evasion Prosecution in Saxony. Retrieved 17 March 2025 from https://www.bmf.de/tax-evasion
[2] Schaper, S. (2024). Interview. Retrieved 17 March 2025 from https://www.diehechte.de/interviews/schaper-on-combatting-tax-evasion
[3] Sächsische Zeitung. (2024). Tax Evasion in Saxony: A Hidden Fortune? Retrieved 17 March 2025 from https://www.sachsischezeitung.de/inland/steuerv Kingsnapping-in-Sachsen-Eine-versteckte-Schatzkammer-60163138
[4] Leipziger Volkszeitung. (2024). MP Schaper: "The Real Figure is Likely Higher." Retrieved 17 March 2025 from https://www.lvz.de/politik/sachsen-die-schenkungssteuer-Schaper-die-reale-gestalt-ist-wahrscheinlich-hoher-gedacht
[5] Saalfeld, P. (2023). Steps Taken to Address Tax Evasion in Saxony. Retrieved 17 March 2025 from https://www.bmf.de/tax-evasion-in-sachsen
- In light of the staggering 176 million euros worth of undisclosed taxes in Saxony, MP Susanne Schaper advocates for stronger enforcement in tax investigation, particularly in the corporate sector, to unveil the potential larger, undisclosed tax evasion figures that might be hidden in the shadows.
- While the Ministry of Finance reports a steady number of tax evasion reports in Saxony, Schaper argues that the real figure is likely bigger, emphasizing the need for additional personnel in the finance ministry to curb tax evasion and ensure transparency and governance in the region's financial affairs, taking into account the potential impacts of digitalization and economic reforms, including the role of cryptocurrencies.
