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Reuters
Reuters
Business
By Matthias Inverardi and Marta Orosz

German cum-ex mastermind handed 8-year jail sentence for tax fraud

Hanno Berger, a German lawyer and tax specialist accused of tax fraud, arrives for his verdict in a regional court, in Bonn, Germany December 13, 2022. REUTERS/Wolfgang Rattay

A tax lawyer, alleged to have masterminded one of Germany's biggest post-war frauds, was sentenced to eight years in jail on Tuesday after a landmark trial that has gripped the country.

Hanno Berger, a 72-year-old former tax inspector turned legal tax expert, is the most high profile professional to be convicted after sprawling investigations into the cum-ex dividend stripping scheme, which some experts estimate has cost German taxpayers around 10 billion euros ($10.5 billion).

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