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

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