https://www.welt.de/finanzen/article241870903/Anlagesilber-Darum-koennen-Edelmetallhaendler-jetzt-neue-Hoffnung-schoepfen.html
After the tax authorities had recently ended the practice of tax-privileged acquisition of certain silver coins for precious metal trading in Germany, the Federal Ministry of Finance is now getting involved. Millions are at stake for the industry.
There is new hope in tax issues for unsettled precious metal traders in Germany. In a response from the Federal Ministry of Finance (BMF) to a request from the FDP member of the Bundestag Frank Schäffler about the changed handling of the taxation of silver coins , the BMF announced that it would coordinate with the federal states "a non-objection rule that ensures that dealers are not retrospectively burdened with higher sales taxes “
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"Should this tax change also have retrospective consequences, numerous dealers who have imported themselves would be insolvent overnight," said Dominik Kettner, managing director of the sender Kettner Edelmetalle, the specialist portal "Goldreporter.de".
There, the volume in question from the silver trade is estimated at around 100 tons. At the current market price, this would result in a tax liability of around seven million euros. In addition, there would have been massive costs and bureaucratic effort to determine any tax liability at all.
https://www-welt-de.translate.goog/finanzen/article241870903/Anlagesilber-Darum-koennen-Edelmetallhaendler-jetzt-neue-Hoffnung-schoepfen.html?_x_tr_sl=de&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=wapp
TBH 7 million euros does not sound like much, especially as it was the government who bungled up the tax interpretation. Germany must be well and truly broke? 🤔🤷♂️