68 Cents Per Euro

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That, according to Holger Steltzner writing in the Wednesday edition of the Frankfurter Allgemeine Zeitung (FAZ), is the amount of a “normal earner’s” income that flows to the German state in the form of direct or indirect taxes. This helps to explain the widespread practice of tax evasion in Germany, which has recently attracted international attention through the sting operations against Deutsche Post chief Klaus Zumwinkel and other German residents accused of hiding their wealth in Lichtenstein. “Moreover,” Steltzner adds, hardly anyone understands German tax law and knows the many exceptions involved. As consequence, practically every taxpayer has they feeling […]

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