Radio Spaetkauf Berlin

Dodgy Berlin real estate deals have been discovered in the Paradise Papers. According to the Sueddeutsche Zeitung, a company called Phoenix Spree based on the Isle of Jersey has been buying Berlin property, forcing out tenants, putting up the rent, then sending the profits to offshore accounts where they pay little tax. Wondering why rents are going up and where that extra money is going? Now you know. Another trick highlighted in the Paradise Papers are so-called share deals. Investors avoid Berlin's 6% property sales tax by buying shares in companies that own property, instead of the property directly. This trick robs the city of €100 million euros annually, according to the Berlin finance department. The Sony Center was sold for €1.1 billion in October under such a share deal. None of these tricks are illegal. They’re simply immoral. The Berlin Police Academy in Spandau is in the headlines. An anonymous letter published in the Tagesspiegel alleged Arabic gang members were being accepted as recruits. A poli