Small-town affection aside, there is another extraordinary element about Jungholz: thanks to a legal loophole and tax technicality, the village once had the highest density of banks in the world. This El Dorado of the banking scene became Bavaria's "off-shore" banking capital and gave German investors lucrative tax benefits. At the height of Jungholz banking in 2008, the village's Volksbank, Sparkasse and Raiffeisenbank Reutte had more than €4bn in their vaults – significantly more than the entire Tirolean state budget at the time. Indeed, it became a sort of Alpine Wild West, with cars arriving in the dead of night piled with suitcases full of black money.
โพสต์โดย : lee
