Large Spanish one million houses were mortgaged to Sydbank could sell investment services and pull money home to the Swiss banking subsidiary.Sydbank did not even have a Spanish bank license.\u00a0But it did not prevent the bank from placing advertisements and pay for men to attract wealth from rich foreigners residing in such\u00a0Spain Sydbank Switzerland with headquarters in the Alpine town of St. Gallen.<\/p>\n
Velhaverne had persuaded the wisdom of borrowing against their houses one million low-interest mortgages through Nykredit Danish on Kalvebod Brygge in Copenhagen.\u00a0The money from the loan was transferred to Sydbank Switzerland, which invested money.\u00a0Customers with property in Spain and France were promised that the investments yielded a higher return than the mortgage cost in interest.\u00a0It could therefore be an additional income.<\/p>\n
But it was the reduction of payment of inheritance tax in Spain, which was the central cause of bel\u00e5ningsfinten, according to internal communication from Sydbank newspaper Jyllands Posten had access to.\u00a0According to several sources with close knowledge of Swiss banking, this scam is only meaningful if one can hide his assets behind the Swiss banking secrecy.<\/p>\n
Because when money is placed in Switzerland, is the customer’s responsibility to report their existence to the relevant tax authorities.<\/p>\n
Inheritance<\/strong><\/p>\n Tax Director Johnny Schaadt Hansen of Tax Administration Department for Economic Crime is certainly not impressed with the model if it is used by Danes with residences on the coast: “For example. Has two children at home in Denmark, who will inherit a house in Spain, which is mortgaged to the way the real value of the asset less. So you must also pay an inheritance tax, which is significantly smaller,If you have not given up the money that is in a tax haven country, “said Johnny Hansen Schaadt, who believes that the bank may be called to account for tax if its advice has been too aggressive.\u00a0But it depends on a concrete assessment in each case.<\/p>\n Gold customers in the south<\/strong><\/p>\n For Sydbank it was an excellent way to withdraw money and earnings to the business in Sydbank Switzerland, focusing on wealthy “private banking customers”, because it was often the villas on the Costa del Sol, there were 7-10 million.\u00a0AUD worth.\u00a0And it gives good returns to the bank to invest one million customers’ wealth.<\/p>\n <\/p>\n Finten put so much in the system that Sydbank hired intermediaries or between men and paid them to lure customers to the bank.\u00a0There were also created ads, which were advertised that Danes could turn their home equity if they had property in Spain or France.\u00a0The following text was such\u00a0spent in a private banking ad targeting Danes with home ownership in Spain: “By borrowing against your property and invest your equity, you have a unique opportunity to optimize your inheritance and property.”<\/p>\n <\/p>\n It all happened while Sydbank had no banking license to the Spanish banking market.\u00a0It is allowed to serve foreign customers, who turn to a Swiss bank, but it is not allowed to actively seek out customers in countries where you do not have a banking license.\u00a0It was also Sydbank perception, according to the internal communication from Sydbank.<\/p>\n Among other things,\u00a0therefore changed Sydbank practice over time, so the very aggressive advertising with advertisements for bel\u00e5ningsfinten was replaced by ads where you only advertised Sydbank as fire.<\/p>\n The Danish advisory tax accountant Christen Amby (SF) is not surprised Sydbank steps: Christen Amby says that it is primarily the bank’s customers who break the law if they fail to declare that they have a fortune standing in Switzerland.For Sydbank he should now be apparent from the bank accounts that part of the bank’s business concept is based on helping customers to cheat on taxes, and it is probably difficult to reconcile with the bank’s CSR policy (Corporate Social Responsibility), he believes.\u00a0Even though it is the Spanish tax authorities, who cheated.<\/p>\n The Swiss Financial FINMA has a circular to the country’s banks made aware of the importance of preserving the Swiss banking sector’s reputation.\u00a0It is notable\u00a0that banks “should not contribute to tax evasion and similar submittal of incomplete or misleading evidence.” “No matter how Swiss banks offer financial services, they must follow Swiss law. In addition, the bank must also follow the local rules, but generally it is up to local authorities to enforce this. That said, the violation of foreign law by Swiss\u00a0Banks may also be a breach of Swiss banking regulations. ”<\/p>\n Requirement of propriety<\/strong><\/p>\n According to Tobias Lux is not necessarily illegal for a bank in the country to help foreigners with tax speculation.\u00a0Yet it is something we will look at:<\/p>\n “It would obviously be interested in us. Violations of foreign law by Swiss banks may be a breach of Swiss banking regulations such. Requirement to ensure that its business is conducted in an orderly way,” said Tobias Lux, although it would not comment on\u00a0the case.<\/p>\n Senior adviser and expert in banking, Lars Krull from Aalborg University believes that such lending models may be excellent business for banks, which can often earn more than \u00a3 100,000 per year.\u00a0customer:<\/p>\n “If they have mortgaged a house for example. 6 million. And leveraged money three times and then make a deal on asset, it can be a great business for the bank. On the other hand, it is also something worse, something\u00a0if it goes wrong. ”<\/p>\n Sydbank did not want to comment on this article.<\/p>\n <\/p>\n Original Article in Danish Below.<\/strong><\/p>\n <\/p>\n Af PETER NYHOLM og JULIE H. TOFT<\/p>\n Offentliggjort 10.01.12 kl. 06:56<\/p>\n Store spanske millionvillaer skulle bel\u00e5nes, for at Sydbank kunne s\u00e6lge investeringsydelser og hive penge hjem til den schweiziske datterbank.<\/strong> Sydbank havde ikke engang en spansk banklicens. Men det forhindrede ikke banken i at indrykke annoncer og betale mellemm\u00e6nd for at tiltr\u00e6kke formuer fra rige udl\u00e6ndinge bosat i bl.a. Spanien til Sydbank Schweiz med hoveds\u00e6de i Alpebyen St. Gallen.<\/p>\n Velhaverne skulle overbevises om det fornuftige i at bel\u00e5ne deres millionvillaer med et lavtforrentet dansk realkreditl\u00e5n via Nykredit p\u00e5 Kalvebod Brygge i K\u00f8benhavn. Pengene fra l\u00e5net blev overf\u00f8rt til Sydbank Schweiz, som investerede pengene. Kunderne med bolig i Spanien og Frankrig blev stillet i udsigt, at investeringerne gav et h\u00f8jere afkast, end hvad realkreditl\u00e5net kostede i rente. Det kunne alts\u00e5 v\u00e6re en ekstra indt\u00e6gt.<\/p>\n Men det var reduktion af betaling af arveafgift i Spanien, som var den centrale \u00e5rsag til bel\u00e5ningsfinten, fremg\u00e5r det af intern kommunikation fra Sydbank, som Morgenavisen JyllandsPosten har haft adgang til. If\u00f8lge flere kilder med t\u00e6t kendskab til schweizisk bankv\u00e6sen giver denne fidus kun mening, hvis man kan skjule sin formue bag den schweiziske bankhemmelighed.<\/p>\n For n\u00e5r pengene er placeret i Schweiz, er det kundens ansvar at indberette deres eksistens til de relevante skattemyndigheder.<\/p>\n Arveafgift<\/strong><\/p>\n Skattedirekt\u00f8r Johnny Schaadt Hansen fra Skats afdeling for \u00d8konomisk Kriminalitet er bestemt ikke imponeret over modellen, hvis den benyttes af danskere med boliger p\u00e5 Solkysten:<\/p>\n “Hvis du f.eks. har to b\u00f8rn hjemme i Danmark, som skal arve et hus i Spanien, der er bel\u00e5nt p\u00e5 den m\u00e5de, er den reelle v\u00e6rdi af aktivet mindre. S\u00e5 skal du ogs\u00e5 betale en arveafgift, der er v\u00e6sentligt mindre, hvis du ikke har opgivet de penge, som st\u00e5r i et skattely-land,” siger Johnny Schaadt Hansen, der mener, at banken kan blive stillet til ansvar af skat, hvis dens r\u00e5dgivning har v\u00e6ret for aggressiv. Men det kommer an p\u00e5 en konkret vurdering i hvert enkelt tilf\u00e6lde.<\/p>\n Guldkunder i syd<\/strong><\/p>\n For Sydbank var det en udm\u00e6rket m\u00e5de at tr\u00e6kke penge og indtjening til forretningen i Sydbank Schweiz, der fokuserede p\u00e5 velhavende \u201dprivate banking kunder\u201d, for det drejede sig ofte om villaer p\u00e5 Solkysten, der var 7-10 mio. kr. v\u00e6rd. Og det giver gode afkast til banken at investere kundernes millionformuer.<\/p>\n Finten blev sat s\u00e5 meget i system, at Sydbank hyrede formidlere eller mellemm\u00e6nd og betalte dem for at lokke kunder til banken. Der blev ogs\u00e5 oprettet annoncer, hvor der blev reklameret for, at danskere kunne aktivere deres friv\u00e6rdi, hvis de havde ejendomme i Spanien eller Frankrig. F\u00f8lgende tekst blev bl.a. brugt i en private banking-annonce henvendt til danskere med ejerbolig i Spanien:<\/p>\n “Ved at bel\u00e5ne din ejendom og investere din friv\u00e6rdi, har du en enest\u00e5ende mulighed for at optimere dine arve- og formueforhold.”<\/p>\n Det skete alt sammen, mens Sydbank ikke havde banklicens til det spanske bankmarked. Det er tilladt at betjene udenlandske kunder, som selv henvender sig til en schweizisk bank, men det er ikke tilladt aktivt at ops\u00f8ge kunder i lande, hvor man ikke har banklicens. Det var ogs\u00e5 Sydbanks opfattelse, fremg\u00e5r det af den interne kommunikation fra Sydbank.<\/p>\n Bl.a. derfor \u00e6ndrede Sydbank praksis over tid, s\u00e5 den meget aggressive annoncering med reklamer for bel\u00e5ningsfinten blev erstattet af annoncer, hvor man blot reklamerede for Sydbank som brand.<\/p>\n Den danske r\u00e5dgivende skatterevisor Christen Amby (SF) er ikke overrasket over Sydbanks fremgangsm\u00e5de:<\/p>\n “Det er jo den slags man\u00f8vrer, som bankerne lever af. De bilder kunderne ind, at de kan tjene penge p\u00e5 en s\u00e5dan man\u00f8vre, og s\u00e5 tjener Sydbank p\u00e5 b\u00e5de at formidle l\u00e5net og p\u00e5 at administrere formuen. Men i praksis bliver kunden formentlig fattigere. Kan banken s\u00e5 oven i k\u00f8bet f\u00e5 folk til at tro, at de kan spare skat, herunder snyde for arveafgift i Spanien, s\u00e5 er det helt perfekt.”<\/p>\n Kunder skal oplyse<\/strong><\/p>\n Christen Amby oplyser, at det f\u00f8rst og fremmest er bankens kunder, som bryder loven, hvis de undlader at opgive, at de har en formue st\u00e5ende i Schweiz. For Sydbanks vedkommende b\u00f8r det fremover fremg\u00e5 af bankens \u00e5rsregnskab, at en del af bankens forretningsgrundlag er baseret p\u00e5 at hj\u00e6lpe kunderne med at snyde i skat, og det er formentlig sv\u00e6rt at forene med bankens CSR-politik (Corporate Social Responsibility), mener han. Ogs\u00e5 selvom det er det spanske skattev\u00e6sen, der snydes.<\/p>\n Det schweiziske finanstilsyn FINMA har i en rundskrivelse til landets banker gjort opm\u00e6rksom p\u00e5 det vigtige i at bevare den schweiziske banksektors omd\u00f8mme. Heraf fremg\u00e5r det bl.a. at bankerne “ikke m\u00e5 medvirke til skatteunddragelse og lignende ved indlevering af ufuldst\u00e6ndig eller vildledende dokumentation.”<\/p>\n Talsmand Tobias Lux fra FINMA vil ikke afvise, at banker, der opererer i landet, m\u00e5 hj\u00e6lpe med skatteoptimering i andre lande. Men, siger han, bankerne skal overholde schweizisk og lokal lovgivning.<\/p>\n “Ligegyldigt, hvor schweiziske banker tilbyder finansielle services, skal de f\u00f8lge schweizisk lovgivning. Derudover skal banken ogs\u00e5 f\u00f8lge de lokale regler, men generelt er det op til de lokale myndigheder at h\u00e5ndh\u00e6ve dette. N\u00e5r det er sagt, kan brud p\u00e5 udenlandsk lovgivning af schweiziske banker ogs\u00e5 v\u00e6re brud p\u00e5 schweiziske bankregler.”<\/p>\n Krav om ordentlighed<\/strong><\/p>\n If\u00f8lge Tobias Lux er det ikke n\u00f8dvendigvis ulovligt, at en bank i landet hj\u00e6lper udl\u00e6ndinge med skattespekulation. Alligevel er det noget, man vil kigge n\u00e6rmere p\u00e5:<\/p>\n “Det vil selvf\u00f8lgelig interessere os. Brud p\u00e5 udenlandsk lovgivning af schweiziske banker kan v\u00e6re brud p\u00e5 schweiziske bankregler som f.eks. kravet om at sikre, at bankens forretning bliver udf\u00f8rt p\u00e5 en ordentlig m\u00e5de,” siger Tobias Lux, som dog ikke vil kommentere den konkrete sag.<\/p>\n Seniorr\u00e5dgiver og ekspert i banker Lars Krull fra Aalborg Universitet mener, at s\u00e5danne l\u00e5nemodeller kan v\u00e6re fremragende forretninger for banker, der ofte kan tjene mere end 100.000 kr. om \u00e5ret pr. kunde:<\/p>\n “Hvis de har bel\u00e5nt et hus med f.eks. 6 mio. kr., og gearet pengene tre gange i og derefter laver en aftale om kapitalforvaltning, s\u00e5 kan det v\u00e6re en fantastisk forretning for banken. Til geng\u00e6ld er det ogs\u00e5 noget v\u00e6rre noget, hvis det g\u00e5r galt.”<\/p>\n Sydbank har ikke \u00f8nsket at kommentere denne artikel.<\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" Large Spanish one million houses were mortgaged to Sydbank could sell investment services and pull money home to the Swiss banking subsidiary.Sydbank did not even have a Spanish bank license.\u00a0But it did not prevent the bank from placing advertisements and pay for men to attract wealth from rich foreigners residing in such\u00a0Spain Sydbank Switzerland with […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[56],"tags":[88],"class_list":["post-754","post","type-post","status-publish","format-standard","hentry","category-lawbird-in-the-media","tag-sydbank"],"_links":{"self":[{"href":"https:\/\/www.lawbird.com\/wordpress\/wp-json\/wp\/v2\/posts\/754","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lawbird.com\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lawbird.com\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lawbird.com\/wordpress\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lawbird.com\/wordpress\/wp-json\/wp\/v2\/comments?post=754"}],"version-history":[{"count":4,"href":"https:\/\/www.lawbird.com\/wordpress\/wp-json\/wp\/v2\/posts\/754\/revisions"}],"predecessor-version":[{"id":1310,"href":"https:\/\/www.lawbird.com\/wordpress\/wp-json\/wp\/v2\/posts\/754\/revisions\/1310"}],"wp:attachment":[{"href":"https:\/\/www.lawbird.com\/wordpress\/wp-json\/wp\/v2\/media?parent=754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lawbird.com\/wordpress\/wp-json\/wp\/v2\/categories?post=754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lawbird.com\/wordpress\/wp-json\/wp\/v2\/tags?post=754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n“It’s the kind of maneuvers which banks live on. They imagine their customers into thinking that they can make money in such a maneuver, and so serves Sydbank both to disseminate the loan and to manage their assets. But in practice, the customer is probably poorer\u00a0. Can the bank so even getting people to believe that they can save tax, including cheat death duties in Spain, so it’s perfect. ”<\/p>\n
\nCustomers must provide<\/strong><\/p>\n
\nSpokesman Tobias Lux from FINMA will not deny that banks operating in the country, must help with tax optimization in other countries.\u00a0But, he says, banks must comply with Swiss and local laws.<\/p>\nSydbank p\u00e5 skattejagt uden banklicens<\/h2>\n
\nFoto: HOUGAARD NIELS<\/p>\n