Wednesday, July 30, 2014   

(Football) Bayern chief admits dodging 3.5m euros in taxes
(03-10 21:05)

Bayern Munich president Uli Hoeness admitted evading millions of euros in taxes through an undeclared Swiss bank account at a trial that could send the German football great to prison.
Prosecutor Achim von Engel told the Munich state court that Hoeness evaded 3.5 million euros in taxes by concealing 33 million euros income in the Swiss bank account, the dpa news agency reported.
Hoeness reported himself to authorities in early 2013, and part of trial will be to determine whether he did that because he had become aware there was an investigation against him or for other reasons, which will affect the sentence he receives. If found guilty he faces anything from a fine to 10 years in prison.
No pleas are entered in the German system. But as the trial opened, Hoeness, who also is part owner of a Nuremberg sausage factory, said he had hoped to avoid the case going to court by reporting himself to authorities.
“I evaded taxes,'' he told the court. “I'm aware that reporting myself doesn't change anything.''
Hoeness' attorney, Hanns Feigen, volunteered that his client had evaded far more than charged, saying the total figure was 18.5 million euros.
Hoeness told the court he was glad that all the details were “transparently on the table.''
“I deeply regret my wrongdoing,'' he said. ``I will do everything necessary to ensure that this depressing chapter for me is closed.''
Hoeness also noted that he had donated millions of euros to charities.
“I'm no social parasite,'' he told the court.
Four days have been scheduled for hearings, with a verdict expected on Thursday.—AP

   
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