Home › Categories › Business & Finance› Statement (PDF - 547 KB)

Statement (PDF - 547 KB).pdf

2019 02 05 - Trautvetter Statement_TAX3_ML RE.pdf

🔗 Source: europarl.europa.eu

📊 Size: 547 KB

👤 Author: Christoph Trautvetter

⬇️ Downloads: 551

Summary

Christoph Trautvetter discusses the impact of tax evasion and money laundering on local real estate markets in European cities, citing examples from Berlin, France, and the US. He notes that while everyone agrees money laundering is a big issue, little of it has been documented, proven, and punished, with an estimated €100bn laundered annually in Germany. Trautvetter presents cases where proceeds of crime have been frozen, including a local gangster in Berlin and the son of the president of Equatorial Guinea, and highlights the complexity of resolving such cases. He also mentions the alleged investment of billions of stolen gas money in Berlin real estate by the family of the former Turkmen dictator Nijazov. Trautvetter concludes that real estate is mainly used as a high-value consumption good or investment for dirty money, distorting market prices for investment properties, and that supporting real estate prices is a goal of citizenship/residence by investment schemes.

Download File

Description

Christoph Trautvetter discusses the impact of tax evasion and money laundering on local real estate markets in European cities, citing examples from Berlin,...

Technical Information

File Format: PDF
File Size: 547 KB
Pages: 2
Language: EN
Author: Christoph Trautvetter
Total Downloads: 551
Last Updated: 7 days ago

Document Overview

This PDF document about Statement (PDF - 547 KB) provides comprehensive information and guidance. Whether you're a beginner or advanced user, this resource offers valuable insights into Statement (PDF - 547 KB).