German prosecutors probe alleged tax evasion by tax advisers

Nov 30, 2021, 9:02 AM | Updated: 9:39 am

German investigators searched offices of accountancy firm PricewaterhouseCoopers and the homes of current and former employees Tuesday in a probe of alleged tax evasion by tax advisers.

The searches took place at offices in Frankfurt, Berlin, Duesseldorf, Hannover and Stuttgart, and at the apartments of four current senior employees and four former senior employees, prosecutors in Frankfurt said in a statement.

The investigation centers on an alleged scheme used between 2012 and 2017 by the suspects, ages 50 to 67, to inaccurately declare revenue from tax advice to German clients as the proceeds of a Swiss partner company, they said.

Prosecutors said that the scheme allowed them to evade taxes to the tune of more than 11 million euros ($12.4 million) over five years. The falsely declared proceeds stemmed from advising clients on declaring income from investments in Switzerland and payments of evaded taxes so that the clients could avoid prosecution, they added.

PwC confirmed the searches and said it was cooperating fully with authorities, German news agency dpa reported.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

AP

Aslef, Associated Society of Locomotive Engineers and Firemen members are pictured on a picket line...
Associated Press

Driver walkout halts trains as UK summer strike wave spreads

LONDON (AP) — Thousands of U.K. train drivers walked off the job Saturday in a strike over jobs, pay and conditions, scuppering services across much of the country. The action was the latest in a spreading series of strikes by British workers seeking substantial raises to offset soaring prices for food and fuel. The 24-hour […]
5 hours ago
Associated Press

Dutch arrest man linked to currency mixer Tornado Cash

THE HAGUE, Netherlands (AP) — Dutch financial prosecutors say they detained a man suspected of involvement in “concealing criminal financial flows and facilitating money laundering” through the virtual currency mixer Tornado Cash. The 29-year-old man was arrested Aug. 10 in Amsterdam, the financial prosecution service FIOD said in a statement Friday. The suspect’s identity was […]
5 hours ago
Ukrainian Health Minister Viktor Liashko speaks to The Associated Press reporters during an intervi...
Associated Press

Ukrainian minister says Russia blocking access to medicines

KYIV, Ukraine (AP) — Ukraine’s health minister has accused Russian authorities of committing a crime against humanity by blocking access to affordable medicines in areas its forces have occupied since invading the country 5 1/2 months ago. In an interview with The Associated Press, Ukrainian Health Minister Viktor Liashko said Russian authorities repeatedly have blocked […]
5 hours ago
ADDS NAME OF DETAINED PERSON Law enforcement officers detain Hadi Matar, 24, of Fairview, N.J., out...
Associated Press

Author Salman Rushdie on ventilator after New York stabbing

CHAUTAUQUA, N.Y. (AP) — Salman Rushdie, whose novel “The Satanic Verses” drew death threats from Iran’s leader in the 1980s, was stabbed in the neck and abdomen Friday by a man who rushed the stage as the author was about to give a lecture in western New York. A bloodied Rushdie, 75, was flown to […]
5 hours ago
A view of the peninsula of Sirmione, on Garda lake, Italy, Friday, Aug. 12, 2022. Lake Garda water ...
Associated Press

Italy’s Lake Garda shrinks to near-historic low amid drought

SIRMIONE Italy (AP) — Italy’s worst drought in decades has reduced Lake Garda, the country’s largest lake, to near its lowest level ever recorded, exposing swaths of previously underwater rocks and warming the water to temperatures that approach the average in the Caribbean Sea. Tourists flocking to the popular northern lake Friday for the start […]
5 hours ago
FILE - Sen. Kyrsten Sinema, D-Ariz., speaks before President Joe Biden signs the $1.2 trillion bipa...
Associated Press

Sinema took Wall Street money while killing tax on investors

WASHINGTON (AP) — Sen. Kyrsten Sinema, the Arizona Democrat who single-handedly thwarted her party’s longtime goal of raising taxes on wealthy investors, received nearly $1 million over the past year from private equity professionals, hedge fund managers and venture capitalists whose taxes would have increased under the plan. For years, Democrats have promised to raise […]
1 day ago

Sponsored Articles

...
Carla Berg, MHS, Deputy Director, Public Health Services, Arizona Department of Health Services

Vaccines are safe if you are pregnant or breastfeeding

Are you pregnant? Do you have a friend or loved one who’s expecting?
...
CANVAS ANNUITY

Best retirement savings rates hit 4.30%

Maximize your retirement savings with guaranteed fixed rates up to 4.30%. Did you know there is a financial product that can give you great interest rates as you build your retirement savings and provide you with a paycheck for life once you retire? It might sound too good to be true but it is not; this product is called an annuity.
...
Carla Berg, MHS, Deputy Director, Public Health Services, Arizona Department of Health Services

Update your child’s vaccines before kindergarten

So, your little one starts kindergarten soon. How exciting! You still have a few months before the school year starts, so now’s the time to make sure students-to-be have the vaccines needed to stay safe as they head into a new chapter of life.
German prosecutors probe alleged tax evasion by tax advisers