The tax fraud trial against Borja Thyssen begins

Madrid (EFE) to the Treasury of 336,417 euros in 2010 through the transfer of the shares of his company in favor of other Dutch companies.

According to the Prosecutor’s provisional conclusions brief, both declared that in 2010 they had a capital gain of 2,206,527 euros from the sale of some social shares, when the real one, according to the public ministry, was 3,792,564 euros because they simulated that part of the transaction corresponded to a company that was actually inactive, “thus hiding the amount of 1,586,037.39 euros from the Public Treasury”, and ceasing to pay 336,417 euros.

On February 26, 2010, the sale of the shares in Cas Capetó SL took place by Borja Thyssen (owner of 50 percent), Blanca Cuesta (40 percent) and the company Caribean Breeze SL (10 percent) to the Dutch Princess Four BV, Hermosa Beach Holding BV and Martinez Investments BV

The Prosecutor’s Office explains that the assets of Cas Capetó SL consisted mainly of a house in Ibiza, which lacked hired personnel and no economic activity, and that the total price paid for said operation amounted to 9,700,000 euros, which were deposited in the account owned by the defendant.

Both of them, who presented the 2010 income statement in their joint taxation modality, declared that this sale gave them a capital gain of 2,206,527 euros, hiding 1,586,037, according to the Prosecutor’s Office, which maintains that the concealment would also come from the sale of shares carried out through Caribean Breeze SL, which is an “inactive company”.

For the public ministry, the company was filed by the defendants when they acquired the shares of Cas Capetó SL in 2005, which constituted, in their opinion, “a simulated legal transaction, the real transaction wanted by the parties being the acquisition by Borja Thyssen of 57 percent of this company and by Blanca Cuesta the remaining 43 percent”.

He insists that neither of them paid it in 2010 “guided by an intention to obtain an illegal tax benefit.”